Blue Corporation began 2020 with a $56,120 balance in the Deferred Tax Liability account. At the end of 2020, the related cumulative temporary difference amounts to $427,000, and it will reverse evenly over the next 2 years. Pretax accounting income for 2020 is $640,500, the tax rate for all years is 20%, and taxable income for 2020 is $494,100. (a) Compute income taxes payable for 2020. Income taxes payable $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit