Penny had income in the first three years of operations as follows:

2010: 400,000 in income, 25% enacted tax rate

2011: -1,000,000 in income, 30% enacted tax rate

2012: 1,680,000 in income, 40% enacted tax rate

Assuming Penny opts to carryback her 2011 NOL, what is the amount of income taxes payable by Dec 31, 2012?

Please answer by 3:50 pm eastern time