Conroy Company had sales of $50,000, increase in accounts payable of $4,000, decrease in accounts receivable of $3,000, tax expense of $5,000, and an increase in taxes payable of $1,000 . What was the cash outflow for taxes?
a. $54,000
b. $4,000
c. $6,000
d. $53,000
e. $45,000
B
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