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Shamrock Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $58,600 in 2021, $64,100 in

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Shamrock Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $58,600 in 2021, $64,100 in 2022, and $69,000 in 2023. Shamrock's pretax financial income for 2020 is $289,500, 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. Taxable income $ Income taxes payable $ eTextbook and Media List of Accounts

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