During 2025 , Sunland Co.'s first year of operations, the company reports pretax financial income at $261,200. Sunland's enacted tax rate is 45% for 2025 and 20% for all later years. Sunland expects to have taxable income in each of the next 5 years. The effects on future tax returns of temporary differences existing at December 31,2025 , are summarized as follows. (b) Compute taxable income for 2025. Taxable income for 2025 $