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Wildhorse, Inc. had pre-tax accounting income of $2400000 and a tax rate of 20% in 2021, its first year of operations. During 2021 the company

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Wildhorse, Inc. had pre-tax accounting income of $2400000 and a tax rate of 20% in 2021, its first year of operations. During 2021 the company had the following transactions: Received rent from Jane, Co. for 2022 Municipal bond income Depreciation for tax purposes in excess of book depreciation Installment sales proht to be taxed in 2022 $93000 $117000 $57000 $159000 For 2021. What is the amount of income taxes payable for Wildhorse. Inc? $394800 $432000 $455400 $518400

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