In 2020, Windsor Corporation had pretax financial income of $183,000 and taxable income of $123,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 20%. Compute the amount to be reported as income taxes payable at December 31, 2020.

Income taxes payable at December 31, 2020

enter the amount to be reported as income taxes payable at December 31, 2017