6.1

Crane Corporation has one temporary difference at the end of 2025 that will reverse and cause taxable amounts of $52,500 in 2026 , $57,500 in 2027 , and $62,200 in 2028 . Crane's pretax financial income for 2025 is $278,800, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2025. (a) Your answer is incorrect. Compute taxable income and income taxes payable for 2025. Taxable income $ Income taxes payable $