The following facts relate to Blossom Corporation. 1. Deferred tax liability, January 1,2025,$29,200. 2. Deferred tax asset, January 1,2025,$0. 3. Taxable income for 2025,$116,850. 4. Pretax financial income for 2025,$223,000. 5. Cumulative temporary difference at December 31,2025 , giving rise to future taxable amounts, $295.200. 6. Cumulative temporary difference at December 31,2025 , giving rise to future deductible amounts, $43,050. 7. Tax rate for all years, 20%. 8. The company is expected to operate profitably in the future. Compute income taxes payable for 2025 . 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 occount 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 O for the amounts.) Prepare the income tax expense section of the income statement for 2025, beginning with the line "Income before income taxes." (Enter nogotive amounts using either a negative sign preceding the number es. -45 or parentheses es. (45))