The accounting income of Wildhorse Corporation and its taxable income for the years $2023$ to $2026$ are as follows:

Year

Accounting Income

Taxable Income

Tax Rate

$2023$

$$465,000$ $$302,00025\%$

$2024$

$430,000304,00030\%$

$2025$

$395,000305,00030\%$

$2026$

$471,000647,00030\%$

The change in the tax rate from $25\%$ to $30\%$ was not enacted until early in $2024.$

Accounting income for each year includes an expense of $$49,000$ that will never be deductible for tax purposes. The remainder of the difference between accounting income and taxable income in each period is due to one reversing difference for the depreciation of property, plant, and equipment. No deferred taxes existed at the beginning of $2023.$