Sheridan Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $57,500 in 2021, $62.100 in 2022, and $66,600 in 2023. Sheridan's pretax financial income for 2020 is $314,600, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2020. Your answer is correct. Compute taxable income and income taxes payable for 2020. Taxable income 128400 Income taxes payable $ 38520