Pharoah Corporation has one temporary difference at the end of $2025$ that will reverse and cause taxable amounts of $$50,600$ in

$2026,$$$55,500$ in $2027,$ and $$60,400$ in $2028.$ Pharoah's pretax financial income for $2025$ is $$287,000,$ and the tax rate is $30\%$ for all

years. There are no deferred taxes at the beginning of $2025.$

$($a$)$

Your answer is correct.

Compute taxable income and income taxes payable for $2025.$

Taxable income

$

Income taxes payable

$$($b$)$

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 titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Debit

Credit