The Bell Company had the following operating results: Year Income (loss) Tax Rate Income Tax 2015 40,000 35% 14,000 2016 20,000 35% 7,000 2017 50,000 40% 20,000 2018 (60,000) 40% 0 What is the income tax refund receivable? Group of answer choices $24,000. $27,000. $23,000. $21,000.
