A company reported $130,000 in income from continuing oper first year of operations. The tax-basis depreciation deduction for the year exceeded GAAP depreciation expense by $12,500, and the warranty accrual exceeded the amount spent for warranty repairs by $8,300. The company properly calculated a $840 increase in its deferred tax liability for the year. If the enacted tax rate for the current year is 20%, what amount of income taxes payable should be reported in the year-end balance sheet? | O $26,840 O $24,340 $25,160