In its first three years of operations Sharp Chairs reported the following operating income (loss) amounts 2016 $ 1,350,ee0 oS6) 2017 (3,1s0,e00) 5,486,0ee 0.56 2018 There were no deferred income taxes in any year. In 2017, Sharp elected to carry back its operating loss. The enacted income tax rate was 35% in 2016 and 40% thereafter. In its 2018 balance sheet, what amount should Sharp report as current income tax payable? Multiple Choice $900,000 $1.260.000 $1.440.000 $2,160,000 K Prev 7 of 9ll Next >