In 2018, Kahoka Company paid $10,000 to satisfy its 2017 tax liability, $64,000 for its 2018 tax

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Question:

In 2018, Kahoka Company paid $10,000 to satisfy its 2017 tax liability, $64,000 for its 2018 tax liability, and still owed taxes payable of $16,000 at year-end. How much should Kahoka report as a cash outflow for tax payments on the 2018 statement of cash flows?

a. $74,000

b. $90,000

c. $54,000

d. $80,000