Beaver Corporation, organized on January 3, 2023, had pretax accounting income of $640,000 for the year ended December 31.2023. The 2023 tax rate is 25%. The only difference between accounting income and taxable income is estimated product warranty costs: Assume that expected payments and scheduled tax rates (based on recently enacted tax legislation) are as follows: The amount of Beaver's 2023 net income would be: $631,000 $474,000 $589,000 $506000