Masks Inc. reported $$1,500,000$ pretax accounting income for $2022,$ its first

year of operations. Included in the income statement was an installment sale of

property in the amount of $$250,000.$ However, for tax purposes, Masks Inc.

reported the income in the year the cash was collected. Cash collected on the

installment sale was $$150,000$ in $2023$ and $$100,000$ in $2024.$ In $2022,$ Masks

Inc. al

Assume pretax accounting income is $$1,250,000$ in $2023.$ There are no other

additional permanent or temporary differences.

What is Income Taxable Payable for $2023?$

$$312,500$

$$350,000$

$$337,500$

$$375,000$