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Wildhorse Inc. had pretax financial income of $ 1 6 1 , 8 0 0 in 2 0 2 5 . Included in the computation
Wildhorse Inc. had pretax financial income of $ in Included in the computation of that amount is insurance expense of $ which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds accounting depreciation by $
Prepare Wildhorse's journal entry to record taxes, assuming a tax rate of 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 for the amounts.
Account Titles and Explanation
Debit
Credit
Income Tax Expense
Income Tax Payable
Deferred Tax Liability
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