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The following facts relate to Oriole Corporation. 1. Deferred tax liability, January 1,2025,$22,000. 2. Deferred tax asset, January 1, 2025, $0. 3. Taxable income for

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The following facts relate to Oriole Corporation. 1. Deferred tax liability, January 1,2025,$22,000. 2. Deferred tax asset, January 1, 2025, $0. 3. Taxable income for 2025,$99,750. 4. Pretax financial income for 2025, $205,000. 5. Cumulative temporary difference at December 31,2025 , giving rise to future taxable amounts, $252,000. 6. Cumulative temporary difference at December 31,2025, giving rise to future deductible arnounts, $36,750. 7. Taxrate for all years, 20\%. 8. The company is expected to operate profitably in the future. Compute income tacoes payable for 2025. Income taxes payable $ eTextbook and Media Prepare the pournalentry to record income tax experse, deferred income taxe-s, and incone tastered Do not indent monuolly. If no entry is entries before crodit entries. Credit occount tities are automaticolly indented required, select "No Entry" for the occount titles and enter 0 for the Prepare the income tax expense section of the income statement for 2025 , beginning with the line "Income before income taxes." (Enter negative amounts using elther a negatlve slgn preceding the number eg. -45 or parentheses eg. (45).)

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