need assistance on part (b) please?

Cullumber Company reports pretax financial income of $64,000 for 2025 . The following items cause taxable income to be different than pretax financial income. 1. Depreciation on the tax retum is greater than depreciation on the income statement by $14,700. 2. Rent collected on the tax return is greater than rent recognized on the income statement by $22,100. 3. Fines for pollution appear as an expense of $10,000 on the income statement. Cullumber's tax rate is 40% for all years, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of 2025 . (a) Compute taxable income and income taxes payable for 2025. Taxable income Income taxes payable 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 is required, select "No Entry" for the account tities and enter 0 for the amounts.)