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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 ,

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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) Compute taxable income and income taxes payable for 2025. Taxable income Income taxes payable

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