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Wildhorse Corp's 2018 income statement showed pretax accounting income of $3400000. To compute the federal income tax liability, the following 2018 data are provided: Income

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Wildhorse Corp's 2018 income statement showed pretax accounting income of $3400000. To compute the federal income tax liability, the following 2018 data are provided: Income from exempt municipal bonds $109000 Deprecation deducted for tax purposes in excess of depreciation deducted for financial statement purposes 290000 Estimated federal income tax payments made 680000 Enacted corporate income tax rate 30% What amount of current federal income tax liability should be included in Wildhorse's December 31, 2018 balance sheet? $307300 O $340000 $900300 O $220300

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