Flounder Corporation has one temporary difference at the end of 2017 that will reverse and cause taxable amounts of $56,200 in 2018, $61,000 in 2019, and $66,500 in 2020. Flounder's pretax financial income for 2017 is $285,200, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2017. (a) Compute taxable income and income taxes payable for 2017. Taxable income $ Income taxes payable $ Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Attempts: 0 of 3 used