Flounder Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $59,900 in 2021. $64,800 in 2022, and $70,000 in 2023, Flounder's pretax financial income for 2020 is $280,000, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2020. Compute taxable income and income taxes payable for 2020, Taxable income $ Income taxes payable eTextbook and Media List of Accounts