Wildhorse Co. at the end of 2020. its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $2835000 Estimated litigation expense 3835000 Extra depreciation for taxes (5838000) Taxable income $ 832000 The estimated litigation expense of $3835000 will be deductible in 2021 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $1946000 in each of the next 3 years. The income tax rate is 20% for all years. Income taxes payable is $400600. O $166400 O $600600. O $0