Wildhorse Company reports pretax financial income of $68,200 for 2025 . The following items cause taxable income to be different than pretax financial income. 1. Depreciation on the tax return is greater than depreciation on the income statement by $16,900. 2. Rent collected on the tax return is greater than rent recognized on the income statement by $23,600. 3. Fines for pollution appear as an expense of $11,800 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 \$ (d) Compute the effective income tax rate for 2025. (Round answer to 1 decimal place, e.g. 25.5\%.) Effective income tax rate % eTextbook and Media List of Accounts Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2025. (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 0 for the amounts.)