Question - In its first year of operations, Pikes Corp. reported Income Tax Expense of $41,000 and Income Tax Payable of $13,000. At the end of the year, Pikes reported a current Deferred Tax Asset of $14,000 and a noncurrent Deferred Tax Liability of $5,000. What is the amount of cash paid for income taxes during the year?
$37,000
$33,000
$19,000
$9,000