Multiple Choice Question 58 financial income and taxable income as follows Pretax financial income Estimated litigation expense Extra depreciation for taxes Taxable income Crane Co. at the end of 2017, ts fist year of operations, prepared a reconcilation between pretax $2285000 3945000 (5568000) $ 662000 The estimated litigation expense of $3945000 will be deductible in 2018 when it is expected to be paid Use of the depreciable assets will result in taxable amounts of $1856000 in each of the next 3 years. The income tax rate is 40% for all years. Income taxes payable is O $o. o $649200 O $1313200. O $264800