The following information is available for Wildhorse Corporation for $2024($its first year of operations$).$

Excess of tax depreciation over book depreciation, $$41,000.$This $$41,000$difference will reverse equally over the years

$2025-2028.$

Deferral, for book purposes, of $$18,100$of rent received in advance. The rent will be recognized in $2025.$

Pretax financial income, $$300,200.$

Tax rate for all years, $20\%.$Your answer is correct.

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for $2024.($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 O for the amounts.$)$

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Attempts: $1$ of $3$ used

$(c)$

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for $2025,$ assuming

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for $2025,$ assuming taxable income of $$310,400.($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 O for the amounts.$))$