What is the current Income Tax Payable for consolidated return 2018 ? On January 1, 2017, Abbey acquires 90 percent of Benjamins outstanding shares. Financial information for these two companies for the years 2017 and 2018 follows:

	2017	2018
Abbey Company:
Sales	$(500,000)	$(700,000)
Operating expenses	300,000	400,000
Intra-entity gross profits in ending inventory (included in above figures)	(120,000)	(150,000)
Dividend incomeBenjamin Company	(18,000)	(36,000)
Benjamin Company:
Sales	(210,000)	(270,000)
Operating expenses	130,000	170,000
Dividends paid	(20,000)	(40,000)

Assume that a tax rate of 35 percent is applicable to both companies. tax currently payable if they choose to file separate returns?