RESTRUCTOR FULL SCREEN PRINTER VERSION 4 BACK NEX Exercise 19-04 (Part Level Submission) Stellar Company reports pretax financial income of $64,000 for 2020. The following items cause taxable income to be different than pretax financial income 1. Depreciation on the tax return is greater than depreciation on the income statement by $14,700. 2. Rent collected on the tax return is greater than rent recognized on the income statement by $22,100 3. Fines for pollution appear as an expense of $10,000 on the income statement Stellar's tax rate is 30% for all years, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of 2020. (a) Compute taxable income and income taxes payable for 2020. Taxable income Income taxes payable Click if you would like to Show Work for this question: Open Show Work essing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor