The following information is available for a company's rent and income taxes:

Required
Calculate the missing information.

Transcribed Image Text:

Prepaid rent, beginning of year Prepaid rent, end of year Rent expense Cash paid for rent during the year 25,000 31,000 40,000 Income taxes payable, beginning of year Income taxes payable, end of year Income tax expense Cash payments for income taxes during the year 25,000 31,000 40,000