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The following information is available for Blue Corporation for 2024 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $38,600. This $38,600 difference will reverse equally over the years 2025 2028. 2. Deferral, for book purposes, of $21,000 of rent received in advance. The rent will be recognized in 2025 . 3. Pretax financial income, $326,000. 4. Tax rate for all years, 30%. (a) Compute taxable income for 2024. $ eTextbook and Media List of Accounts Attempts: 0 of 5 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. The following facts relate to Sunland Corporation. 1. Deferred tax liability, January 1, 2025, $23,200. 2. Deferred tax asset, January 1,2025,$0. 3. Taxable income for 2025,$102,600. 4. Pretax financial income for 2025,$208,000. 5. Cumulative temporary difference at December 31,2025 , giving rise to future taxable amounts, $259,200. 6. Cumulative temporary difference at December 31,2025 , giving rise to future deductible amounts, $37,800. 7. Tax rate for all years, 20%. 8. The company is expected to operate profitably in the future. (a) Compute income taxes payable for 2025