The following facts relate to Waterway Corporation. 1. Deferred tax liability, January 1, 2020, $48,400. 2. Deferred tax asset, January 1, 2020, $0. 3. Taxable income for 2020, $114,950. 4. Pretax financial income for 2020, $121,000. 5. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $290,400. 6. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $42,350. 7. Tax rate for all years, 20%. 8. The company is expected to operate profitably in the future. Compute income taxes payable for 2020. Income taxes payable $enter Income taxes payable in dollars

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.