Cullumber Corporation began 2017 with a $83,900 balance in the Deferred Tax Liability account. At the end of 2017, the related cumulative temporary difference amounts to $348,800, and it will reverse evenly over the next 2 years. Pretax accounting income for 2017 is $572,800, the tax rate for all years is 40%, and taxable income for 2017 is $433,750.

Compute income taxes payable for 2017.

Income taxes payable

$

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the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017.