12. Clinton corp operates in an industry for which NOL carrybacks is not allowed, and had the following pretax income (loss) over its first four years of operations. 2018: 50,000 2019: 120,000 2020: (900,000) 2021: 1,500,000 For each year there were no deferred income taxes and the tax rate was 25%. No valuation account was deemed necessary for the DTA as of december 31, 2020. What amount should clinton report as current income tax payable in 2021?