The balance sheet for Nair Corporation provided the following summarized pretax data: Year 1 Year 2 Deferred tax liability $ 356,000 $ 467,000 The income statement reported tax expense for Year 2 in the amount of $628,000. Required: 1. What was the amount of income taxes payable for Year 2?

The balance sheet for Nair Corporation provided the following summarized pretax data: The income statement reported tax expense for Year 2 in the amount of $628,000. Required: 1. What was the amount of income taxes payable for Year 2