Madrid Incorporated's 2015 income statement reported income tax expense of $635,375.During 2015,Madrid's income taxes payable account increased $19,735 while the deferred tax asset account increased $39,365.How much cash was paid for taxes during 2015?

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$635,375 (income tax expense)- $19,735 (the increase in income taxes payable)+ $39,365 (the increase in the deferred tax asset account)= $655,005

Madrid Incorporated's 2015 Income Statement Reported Income Tax Expense of $635,375.During