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Blossom Company reports pretax financial income of $66,100 for 2025 . The following items cause taxable income to be different than pretax financial income. 1.

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Blossom Company reports pretax financial income of $66,100 for 2025 . The following items cause taxable income to be different than pretax financial income. 1. Depreciationten the tax return is greater than depreciation on the income statement by $14,800. 2. Rent collected on the tax return is greater than rent recognized on the income statement by $23,900. 3. Fines for pollution appear as an expense of $10,600 on the income statement. Blossom's tax rate is 40% for all years, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of 2025. (a) Compute taxable income and income taxes payable for 2025

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