Blue Technology began operations in 2019 and reported pretax financial income of $500,000 for the year. Blue's tax depreciation exceeds its book depreciation by $45,000. Blue Technology also accrued a litigation liability of $15,000 in 2019. They believe the case will be settled in 2020. If these are the only differences between tax and financial reporting, what is Taxable Income for the period ending 12/31/2019?