The following facts relate to Sheridan Corporation. 1. Deferred tax liability, January 1,2025,$22,800. 2. Deferred tax asset, January 1, 2025, $0. 3. Taxable income for 2025,$101,650. 4. Pretax financial income for 2025,$207,000. 5. Cumulative temporary difference at December 31,2025 , giving rise to future taxable amounts, $256,800. 6. Cumulative temporary difference at December 31,2025 , giving rise to future deductible amounts, $37,450. 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