Use the infоrmаtiоn belоw to аnswer #7 – 8: During 2024, its first yeаr of operations, CREME Co. earned $10,000,000 in pretax accounting income. - An installment sale of property in the amount of $2,600,000 was included in 2024 pretax accounting income. However, for tax purposes, CREME reported the income in the year the cash was collected. Cash collected on the installment sale was $1,900,000 in 2024 and expected to be $700,000 in 2025. - In 2024, CREME also paid premiums of $150,000 on an executive’s life insurance policy. - The income tax rate is 25% in 2024 and thereafter. The next year, in 2025, CRÈME earned pretax accounting income of $9,000,000. There are no other additional permanent or temporary differences. What is income taxable payable for 2025?