The following facts relate to Krung Thep Corporation. 1. Deferred tax liability, January 1, 2025, $20,000. 2. Deferred tax asset, January 1, 2025, $0. 3. Taxable income for 2025, $95,000. 4. Pretax financial income for 2025, $200,000. Cumulative temporary difference at December 31, 2025, giving rise to future taxable amounts, $240,000. 5. 6. Cumulative temporary difference at December 31, 2025, giving rise to future deductible amounts, $35,000. 7. Tax rate for all years, 20%. 8. The company is expected to operate profitably in the future. (a) * Your answer is incorrect. Compute income taxes payable for 2025. Income taxes payable CA $ 160000