Sandhill Co. at the end of 2020, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $2780000 Estimated litigation expense 3780000 Extra depreciation for taxes (5784000) Taxable income $ 776000 The estimated litigation expense of $3780000 will be deductible in 2021 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $1928000 in each of the next 3 years. The income tax rate is 20% for all years. Income taxes payable is O $600800. O $155200. O $400800. O $0