Current Attempt in Progress

The following information is available for Wildhorse Corporation for $2025.$

Depreciation reported on the tax return exceeded depreciation reported on the income statement by $$114,000.$ This difference with reverse in equal amounts of $$28\mathrm{.}500$ over the years $2026-2029.$

Interest necelved on munkipal bonds was $$10,300.$

Rent collected in advance on Jhnuary $1\mathrm{.}2025.$ totaled $$61\mathrm{.}500$ for a $3-$year period. Of this amount, $$41\mathrm{.}000$ was reported as unearned an December $31,2025.$ for book purposes.

The tax rate are $20\%$ for $2025$ and $17\%$ for $2026$ and subsequent years.

Nnoome tawss of $$167000$ are due per the tax return for $2025.$

Nodoferned takes existed at the beginning of $2025.$

$($a$)$

Your answer is correct.

Compute taxable income for $2025.$

Taxable income for $2025*$$$a35000$

List of Accounts

Attempts: $1$ of $3$ used

Usine multiple attempts will impact your score

$10\%$ score reduction after attempt $2$

$($b$)$

Your answer ls correct.

Compute pretax financial income for $2025.$

Pretux financial income for $2025$

$ $$

$18300$

$q,$

Attempts: $1$ ol $3$ used

Usine multple at tempt whempact your soore

$($c$)$

Prepare the journal entrle to thcond income tax expense deferred income taxes and income taxes payable for $2025$ and $2026.$

$\backslash$table$[[$Date$,$Account Titles and,Dabit,Credit$],[2025,$income lex ${?}^{\text{c}\text{h}\text{e}\text{m}\text{a}\text{t}},,],[,$Diferred Tax Ansut,$6970,],[,$Oterned Max Lishlity,,$],[,$Income Tax Peration,,$],[2026,$Incume Tax Expente,,$],[,$Dutersed lax Listity,$4845,],[,$Caterred lax Asset,,$],[,$meane Tax Pryath,,$]]$