Wildhorse Company reports pretax financial income of $$66,000$ for $2025.$ The following items cause taxable income to be different

than pretax financial income.

Depreciation on the tax return is greater than depreciation on the income statement by $$17,400.$

Rent collected on the tax return is greater than rent recognized on the income statement by $$23,300.$

Fines for pollution appear as an expense of $$12,000$ on the income statement.

Wildhorse's tax rate is $30\%$ for all years, and the company expects to report taxable income in all future years. There are no deferred

taxes at the beginning of $2025.$

$($a$)$

Compute taxable income and income taxes payable for $2025.$

Taxable income

$

Income taxes payable

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