Pharoah Corporation has one temporary difference at the end of 2025 that will reverse and cause taxable amounts of $52,300 in 2026,$57,200 in 2027 , and $62,400 in 2028. Pharoah's pretax financial income for 2025 is $302,600, and the tax rate is 40% for all 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 $