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In 2 0 2 5 , Bridgeport Corporation had pretax financial income of $ 1 6 3 , 0 0 0 and taxable income of

In 2025, Bridgeport Corporation had pretax financial income of $163,000 and taxable income of $114,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 20%.
Compute the amount to be reported as income taxes payable at December 31,2025.
Income taxes payable at December 31,2025$
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