The following facts relate to Sandhill Corporation. 1. 2. 3. 4. 5. 6. 7. 8. (a) Deferred tax liability, January 1, 2025, $28,400. Deferred tax asset, January 1, 2025, $0. Taxable income for 2025, $114,950. Pretax financial income for 2025, $221,000. Cumulative temporary difference at December 31, 2025, giving rise to future taxable amounts, $290,400. Cumulative temporary difference at December 31, 2025, giving rise to future deductible amounts, $42,350. Tax rate for all years, 20%. The company is expected to operate profitably in the future. Compute income taxes payable for 2025.

The following facts relate to Sandhill Corporation. 1. Deferred tax liability, January 1,2025, $28,400, 2. Deferred tax asset, January 1,2025,50. 3. Taxable income for 2025,$114,950. 4. Pretax financlat lncome for 2025,$221,000. 5. Cumulative temporary difference at December 31,2025 , giving rise to future taxable amounts, 5290,400 . 6. Cumulative temporary difference at Decernher 31,2025 , giving rise to future deductible amounts, $42,350. 7. Toxrate for allyears. 20%. 8. The compary is expected to operate profitably in the future