CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Multiple Choice Question 75 The following information is available for Cullumber Company after its first year of operations: $260000 Income before income taxes Federal income tax payable Deferred income tax Income tax expense Net income $109000 (4200) 104800 $155200 Cullumber estimates its annual warranty expense as a percentage of sales. The amount charged to warranty expense on its books was $96000. Assuming a 40% income tax rate, what amount was actually paid this year for warranty claims? $104800 $96000 $85500 $106500 Click if you would like to Show Work for this question: Open Show Work