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Carla Vista Corporation has one temporary difference at the end of 2025 that will reverse and cause taxable amounts of $53,100 in 2026,$57,800 in 2027,

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Carla Vista Corporation has one temporary difference at the end of 2025 that will reverse and cause taxable amounts of $53,100 in 2026,$57,800 in 2027, and $63,100 in 2028, Carla Vista's pretax financial income for 2025 is $312,000, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2025. (a) Your answer is correct. Compute taxable income and income taxes payable for 2025 Taxable income $ Income taxes payable 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 titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Prepare the income tax expense section of the income statement for 2025, beginning with the line "Income before income taxes." (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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