Akoto Corporation repoited pretax book income of $2,000,000. Tax depreciation exceeded book depreciation by $500,000. During the year the company capitalized $250,000 into ending inventory under $263A. Capltalized inventory costs of $150,000 in beginning inventary were dedacted as part of cost of goods sold on the tax return. Compute the company's toxes payable or refundabie. Note: Amounts to be deducted should be indicated by a minus sign