Blossom Corporation purchased equipment very late in 2023. Based on generous capital cost allowance rates provided in the Income Tax Act, Blossom claimed CCA on its 2023 tax return but did not record any depreciation because the equipment was being tested. This temporary difference will reverse and cause taxable amounts of $25,100 in 2024,$30,100 in 2025 , and $40,100 in 2026 . Blossom's accounting income for 2023 is $202,600 and the tax rate is 30% for all years. There are no deferred tax accounts at the beginning of 2023. Calculate taxable income and income tax payable for 2023. Taxable income Income tax payable $