Van Beeber Corporation's comparative balance sheet and income statement for last year appear below:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Cash	$58,000	$34,000
Accounts receivable	48,000	36,000
Inventory	56,000	67,000
Prepaid Expenses	24,000	16,000
Long-term investments	280,000	220,000
Property, plant and equipment	580,000	580,000
Less accumulated depreciation	270,000	235,000
Total Assets	$776,000	$718,000
Accounts payable	$32,000	$53,000
Accrued liabilities	38,000	21,000
Income taxes payable	61,000	31,000
Bonds payable	90,000	120,000
Common Stock	80,000	60,000
Retained earnings	475,000	433,000
Total liabilities and stockholders equity	$776,000	$718,000

Income Statement
Sales	$700,000
Cost of goods sold	360,000
Gross margin	340,000
Selling and administrative expense	210,000
Net operating	130,000
Income taxes	39,000
Net income	$91,000

The company declared and paid $49,000 in cash dividends during the year. It did not sell or retire any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by operating activities.

On the statement of cash flows, the income tax expense adjusted to a cash basis would be:

$39,000

$69,000

$9,000

$25,000