iverbed Corporation has one temporary difference at the end of 2017 that will reverse and cause taxable amounts of $59,400 in 2018, $64,200 in 2019, and $69,700 in 2020. Riverbeds pretax financial income for 2017 is $316,600, and the tax rate is 40% for all years. There are no deferred taxes at the beginning of 2017.

Compute taxable income and income taxes payable for 2017