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. 5. Cumulative temporary difference at December 31,2025 , giving rise to future taxable amounts, $240,000. 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 correct. Compute income taxes payable for 2025. 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 account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) eTextbook and Media List of Accounts Last saved 16 hours ago. Attempts: 2 of 7 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. (c) The parts of this question must be completed in order. This part will be available when you complete the part above