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The following facts relate to Wildhorse Corporation. 1. Deferred tax liability, January 1,2025,$24,400. 2. Deferred tax asset, January 1,2025,$0. 3. Taxable income for 2025,$105,450. 4.

image text in transcribedimage text in transcribed The following facts relate to Wildhorse Corporation. 1. Deferred tax liability, January 1,2025,$24,400. 2. Deferred tax asset, January 1,2025,$0. 3. Taxable income for 2025,$105,450. 4. Pretax financial income for 2025,$211,000. 5. Cumulative temporary difference at December 31,2025 , giving rise to future taxable amounts, $266,400. 6. Cumulative temporary difference at December 31,2025 , giving rise to future deductible amounts, $38,850. 7. Tax rate for all years, 20%. 8. The company is expected to operate profitably in the future. Compute income taxes payable for 2025

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