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Sunland Corporation has one temporary difference at the end of 2025 that will reverse and...

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Accounting

Sunland Corporation has one temporary difference at the end of 2025 that will reverse and cause taxable amounts of $57,500 in 2026,$62,100 in 2027, and $66,600 in 2028. Sunland's pretax financial income for 2025 is $314,600, and the tax rate is 40% 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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