Skysong Corporation began 2020 with a $41,400 balance in the Deferred Tax Liability account. At the end of 2020, the related cumulative temporary difference amounts to $315,000, and it will reverse evenly over the next 2 years. Pretax accounting income for 2020 is $472,500, the tax rate for all years is 20%, and taxable income for 2020 is $364,500. (a) Your answer is correct. Compute income taxes payable for 2020. Income taxes payable $ eTextbook and Media List of Accounts 72900 Attempts: 2 of 10 used