$1.$ Depreciation reported on the tax return exceeded depreciation reported on the income statement by $$110,000.$ This difference will reverse in equal amounts of $$27,500$ over the years $2026-2029.$

$2.$ Interest received on municipal bonds was $$10,100.$

$3.$ Rent collected in advance on January $1,2025$ totaled $$63,000$ for a $3$ year period. Of this amount, $$42,000$ was reported as unearned at December $31,2025,$ for book purposes.

$4.$ The tax rates are $20\%$ for $2025$ and $17\%$ for $2026$ and subsequent years.

$5.$ Income taxes of $$155,000$ are due per the tax return for $2025.$

$6.$ No deferred taxes existed at the beginning of $2025.$

Compute taxable income for $2025.$