Ivanhoe Co. at the end of 2017, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $2285000 Estimated litigation expense 3835000 Extra depreciation for taxes (5784000) Taxable income $ 336000 The estimated litigation expense of $3835000 will be deductible in 2018 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $1928000 in each of the next 3 years. The income tax rate is 30% for all years. Income taxes payable is $1049700. $100800. $584700. $0.