Data:

Almirante Corp. had a pretax financial income of $168,000 and a taxable income of $120,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 40%.

Calculate: the attributable contributions and the income taxes payable as of December 31, 2012.

Note: Recommendation.

 It is recommended that you present the results using Excel. 

 If you do not know how to use Excel, present the task in manuscript (in pencil or ink) delivered by hand, you must write clearly and present the work in an organized manner.