Bonita Corporation began 2020 with a $44,160 balance in the Deferred Tax Liability account. At the end of 2020, the related cumulative temporary difference amounts to $336,000, and it will reverse evenly over the next 2 years. Pretax accounting income for 2020 is $504,000, the tax rate for all years is 20%, and taxable income for 2020 is $388,800. (a) Your answer is correct. Compute income taxes payable for 2020. Income taxes payable $ 77760