deferred tax liability jan 1 2025 $20,000

deferred tax assest january 1 2025 $0

taxable incom for 2025 $95,000

pretax financial income for 2025 $200,000

Cumulative temporary difference 31 dec 2025 giving rise to future taxable amounts $240,000

Cumulative temporary difference 31 dec 2025 giving rise to future deductible amounts $35000

tax rate for all years, 20%

the company is expected to operate profitably in the future

income tax payable for 2025 $19000

Compute income taxes payable for 2025 . Income taxes payable $ eTextbook and Media List of Accounts Attempts: unlimite b) 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 required, select "No Entry" for the account titles and enter 0 for the amounts.)