The accounting records of Buffalo Inc. show the following data for $2025($its first year of operations$).$

$1.$ Life insurance expense on officers was $$9,300.$

$2.$ Equipment was acquired in early January for $$277,000.$ Straight$-$line depreciation over a $5-$year life is used, with no salvage value. For tax purposes, Buffalo used a $30\%$ rate to calculate depreciation.

$3.$ Interest revenue on State of New York bonds totaled $$4,300.$

$4.$ Product warranties were estimated to be $$48,500$ in $2025.$ Actual repair and labor costs related to the warranties in $2025$ were $$9,000.$ The remainder is estimated to be paid evenly in $2026$ and $2027.$

$5.$ Gross profit on an accrual basis was $$103,000.$ For tax purposes, $$69,100$ was recorded on the installment$-$sales method.

$6.$ Fines incurred for pollution violations were $$4,500.$

$7.$ Pretax financial income was $$793,300.$ The tax rate is $30\%.$ Prepare the journal entry for $2025$ to record income taxes payable, income tax expense, and deferred income taxes.