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At the end of 2021, its first year of operations, Bazaar's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income

At the end of 2021, its first year of operations, Bazaar's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 220,000Permanent difference (15,300 )204,700Temporary difference-depreciation (19,900 )Taxable income $ 184,800Zekany's tax rate is 25%. No estimated taxes have been paid. What should Bazaar's report as income tax payable for 2021?

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