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Blossom Corporation has one temporary difference at the end of 2 0 2 5 that will reverse and cause taxable amounts of $ 5 8

Blossom Corporation has one temporary difference at the end of 2025 that will reverse and cause taxable amounts of $58,600 in 2026,$64,100 in 2027, and $69,000 in 2028. Blossom's pretax financial income for 2025 is $289,500, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2025.
(a)
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Compute taxable income and income taxes payable for 2025
Taxable income $
Income taxes payable $
eTextbook and Media
List of Accounts
Attempts: 1 of 3 used
(b)
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Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2025.(List all debit entries before credit entries. Credit account tutles are automatically indented when amount is entered. Do not indent manually. If no entry a required, select "No Entry" for the account titles and enter O for the amounts.)
\table[[Account Titles and Explanation,Debit,Credit],[Income Tax Expense,$86,850,],[Deferned Tax Liability,,$57.510
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