Taylor Company began manufacturing operations on January 2, 20X1. During 20x1 Taylor reported pre-tax book income of $150,000 and had taxable income of $200,000. Taylor had a temporary difference relating to accrued product warranty costs which are expected to be paid as follows: 20X2 20x3 20X4 $30,000 $15,000 $ 5,000 If Taylor paid no estimated taxes, the income tax payable at the end of 20x1 is: Multiple Choice $46,900. $42,000. C $45,500. C $43,750