The following facts relate to Ivanhoe Corporation. 1. Deferred tax liability, January 1,2025,$26,000. 2. Deferred tax asset, January 1,2025,$0. 3. Taxable income for 2025,$109,250. 4. Pretax financial income for 2025,$215,000. 5. Cumulative temporary difference at December 31,2025 , giving rise to future taxable amounts, $276,000. 6. Cumulative temporary difference at December 31,2025 , giving rise to future deductible amounts, $40,250. 7. Tax rate for all years, 20%. 8. The compary 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. (Ust all debit entries before credlt entries. Credit ocoount titles are automatically indented when amount is entered. Do not indent manually. If no entry required, select "No Entry" for the account titles and enter O for the amounts.)