Culver Corp. has a deferred tax asset account with a balance of $$77,520$ at the and of $2024$ due to a single cumulative temporary difference of $$387,600.$ At the end of $2025,$ this same temporary difference has increased to a cumulative amount of $$455,000.$ Taxable income for $2025$ is $$994,000.$ The tax rate is $203$ for all years. At the end of $2024,$ Culver Corp. had a valuation account related to its deferred tax aeset of $$45,000.$

$($a$)$ Record income tax expense, deferred income taxes, and income taxes payable for $2025,$ assuming that it is more likaly than not that

Account Tritles and Explanation

Debit

Credit

Income Trex Experial

Deferred Tex. Agnet

Income Tax Peyable

$($To record income tax expense$)$

Deferred TexAsact

Iricome Tox Expense

$($To adjust allowance account$)$

$($b$)$ Record income tax expense, deferred income twes, and income texes peycble for $2025,$ zssuming that it is more likely then not thet

Account Titles and Explanation

Debit

Credit

monctex Exiris

Dxhind T$2$x Aist

$($Torecord incomet tax expensid$)$