Torquay Inc.'s (a calendar-year taxpayer) 2019 taxable income was $15,837,850, and its tax liability was $3,325,948. Torquay's director of tax estimates that the corporation's 2020 taxable income will be $13,350,000. Compute Torquay's 2020 estimated tax payment originally due on April 15, 2020, but extended until July 15, 2020.

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The Answer of Torquay Inc.'s (a calendar-year taxpayer) 2019 taxable income was $15,837,850, and its tax liability was $3,325,948. Torquay's director of tax estimates that the corporation's 2020 taxable income will be $13,350,000. Compute Torquay's 2020 estimated tax payment originally due on April 15, 2020, but extended until July 15, 2020.