Problem $2$: The records for Bosch Co$.$ show this data for $2025$: $$ Proceeds received from a life insurance company on officer$$s death were $$3,800.$ Machinery was acquired in January for $$300,000.$ Straight$-$line depreciation over a ten$-$year life $($no salvage value$)$ is used. For tax purposes, MACRS depreciation is used and Bosch may deduct $14\%$ for $2025.$ Interest received on tax exempt Iowa State bonds was $$9,000.$ The estimated warranty liability related to $2025$ sales was $$19,600.$ The warranty costs will be incurred in $2012.$ Pretax financial income is $$600,000.$ The tax rate is $30\%.$ Instructions $($a$)$ Compute taxable income and income taxes payable for $2025.($b$)$ Prepare the journal entry to record income taxes expense, deferred income taxes, and income taxes payable for $2025.$