Tercek Inc., which uses accounting standards for private enterprises (ASPE), had the following balances and amounts appear on its comparative financial statements at year end:

Calculate the amount that should appear as cash paid for income taxes.

Transcribed Image Text:

Dec 31.2012 Dec 31, 2011 $1,200 300 1,950 2,500 (600) $1,400 Income taxes payable Future income tax asset current Future income tax liability non-current Income tax expense Future income tax benefit 1,600 2,100 (200)