Novak Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $53,100in 2021, $57,800in 2022, and $63,100in 2023. Novak's pretax financial income for 2020 is $312,000, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2020.

Compute taxable income and income taxes payable for 2020.