Question: Assume Sheehan uses the direct method to prepare the statement of cash flows. Income tax payable was exist4,000 at the end of the year and

Assume Sheehan uses the direct method to prepare the statement of

Assume Sheehan uses the direct method to prepare the statement of cash flows. Income tax payable was exist4,000 at the end of the year and exist3,000 at the beginning. Income tax expense for the year totaled exist59, 700. What amount of cash did the company pay for income tax during the year? A. exist58, 700 B. exist62, 700 C. exist60, 700 D. exist59, 700

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