Hunter's unadjusted trial balance dated December 31, 2015, reports Income TaxesExpense of $70,000, and Income Taxes Payable of $20,000. The company's accountantestimates that income taxes expense for the entire yearended December 31, 2015, is$85,000.

a. Prepare the necessary adjusting entry for income taxes expense on December 31,2015

.b. Determine the amount of income taxes payable reported in the balance sheet datedDecember 31, 2015.