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 $2025.$

$$ Your answer is correct.

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

Taxable income

Income taxes payable $,$$

eTextbook and Media

Your answer is incorrect.

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$.(45).)$

WILDHORSE CORPORATION

Income Statement $($Partial$)$