Marigold Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $50,600 in 2021. $55,500 in 2022, and $60,400 in 2023. Marigold's pretax financial income for 2020 is $287,000, and the tax rate is 30% for all years. There are no deferred faxes at the beginning of 2020. Your answer is correct. Compute taxable income and income taxes payable for 2020. Taxable income $ 120500 Income taxes payable $ 36150 eTextbook and Media