Please answer both questions. A company reported annual income tax expense of $170,000 in...
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Please answer both questions.
A company reported annual income tax expense of $170,000 in 2016. During the year, income tax payable increased from a $12,400 beginning balance to a $17,600 ending balance How much is cash paid for income taxes during the year? A $175.200 O B. $164,800 C.$187,600 D. $169.200 UESTION 25 A company reported annual sales revenue of $1,690,000 in 2016. During the year accounts receivable increased from a $28,000 beginning balance to a $38,000 ending balance. Accounts payable decreased from a $26,000 beginning balance to a $12,000 ending balance How much is cash received from customers for the year? O A $1,728,000 B. $1,700,000 $1.680.000 D. $1,694,000
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