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Hopkins Co. at the end of 2019, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: The estimated litigation expense of $2,000,000 will be deductible in 2020 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $1,000,000 in each of the next three years. The income tax rate is 30% for all years. Income Taxes Payable in 2019 is: Select one: a. $450,000 b. $0 c. $150,000 d. $300,000