Oriole, Inc. had pre-tax accounting income of $1800000 and a tax rate of 30% in 2018, its first year of operations. During 2018 the company had the following transactions:

Received rent from Jane, Co. for 2019	$87000
Municipal bond income	$111000
Depreciation for tax purposes in excess of book depreciation	$51000
Installment sales profit to be taxed in 2019	$153000

For 2018, what is the amount of income taxes payable for Oriole, Inc?

a) $419,400

b) $471,600

c) $594,000

d) $504,900