Sheldon Enterprises uses straight-line depreciation for financial statement purposes and MACRS for income tax purposes. Sheldon Enterprises income before taxes was $35,000 during 2015, $44,000 in 2016, and $59,000 in 2017. Its effective income tax rate is 32%. Depreciation expense amounts for equipment that Sheldon acquired during 2015 are presented below: Date Straight-Line MACRS 2015 $6,200 $6,200 2016 6,200 9,920 2017 6,200 5,952 2018 6,200 3,571 2019 6,200 3,571 2020 0 1,786 How much is Income Tax Payable at the end of 2017? $18,959 $17,837 $18,880 $3,640