The following facts relate to Carla Vista Corporation.

Deferred tax liability, January $1,2025,$$$36,000.$

Deferred tax asset, January $1,2025,$$$12,000.$

Taxable income for $2025,$$$126,000.$

Cumulative temporary difference at December $31,2025,$ giving rise to future taxable amounts, $$276,000.$

Cumulative temporary difference at December $31,2025,$ giving rise to future deductible amounts, $$114,000.$

Tax rate for all years, $20\%.$ No permanent differences exist.

The company is expected to operate profitably in the future.