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  3. in 2025, blue corporation had pretax financial inc

In 2025, Blue Corporation had pretax financial income of $163,000 and taxable income of $114,000....

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Accounting

In 2025, Blue Corporation had pretax financial income of $163,000 and taxable income of $114,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 20%.
Compute the amount to be reported as income taxes payable at December 31,2025.
Income taxes payable at December 31,2025
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