The following facts relate to Pina Corporation.

1.		Deferred tax liability, January 1, 2020, $22,400.
2.		Deferred tax asset, January 1, 2020, $0.
3.		Taxable income for 2020, $106,400.
4.		Pretax financial income for 2020, $224,000.
5.		Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $268,800.
6.		Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $39,200.
7.		Tax rate for all years, 20%.
8.		The company is expected to operate profitably in the future.

(a)

Compute income taxes payable for 2020.

Income taxes payable

$enter Income taxes payable in dollars