Wildhorse Corporation has one temporary difference at the end of 2025 that will reverse and cause taxable amounts of $59,900 in 2026 , $64,800 in 2027 , and $70,000 in 2028 . Wildhorse's pretax financial income for 2025 is $280,000, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2025. (a) Your answer is correct. Compute taxable income and income taxes payable for 2025. Taxable income $ Income taxes payable $ Prepare the income tax expense section of the income statement for 2025 , beginning with the line "Income before income taxes." (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)