Culver Corp. has a deferrad tax assat account with a balance of $$75,920$ at the and of $2024$ due to a single cumulative temporary

difference of $$379,600.$ At the and of $2025,$ this same temporary differsnce has increased to a cumulative amount of $$416,500.$

Taxable income for $2025$ is $$795,500.$ The tax rate is $2096$ for all yars. At the end of $2024,$ Culver Corp. had avaluation account

related to its deferrad tax asset of $$47,400.$

$($a$)$ Racord income tax expense, deferrad income taxss, and income taxss payable for $2025,$ assuming that it is mors likaly than nat that

the daferred tax asset will be realized in full. $($List all debit entries before credit entries. Credit account titles are outomatically indented when

amount is entered. Do not indent manualk. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

$($To record income tex expense$)$

$\backslash$lceil

$($To adjust allowance account$)$

$($b$)$ Record income tax expenes, deferred income taxss, and income taves payable for $2025,$ assuming that it is more likaly than not that

nane of the deferred tax assat will be ras lizad. $($List all debit entries before credit entries. Credit account tities 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.$)$

nse$)$

$($To record allowance$)$