calculate the taxable income and current tax for Shoom Inc on Dec 31,2023

The followink date for shoom inc for 2023 is presented below. 1 Net income before Taxes is $172.000 The taxrate is 2023 and 2024 is 26% and 30% respectively 2. Ar the beginning of 2023 , there was a balance in the deferred tax liability account of $400 3. Prepaid car insurance of $10,500 was on the company's books at year-end. This payment was made in late 2023 . 4. Shoom necorded a contingent liability of 58,000 The court case is likely to be settlod in 2024 . 5. Dividends received from a Canadian corporation were $4,000 6. Golf club dues were $3,200 7. Actual repair colts under warranties during 2023 wert $13,200 The total warranty expense (including the year accrual) related to 2023 sales: $15,800 8. Pension expense for 2023 amounted to $23,000 The amount of contributions to the pension fund in 2023 were $30,000 9. Instalment sales recorded on the books were at the end of the vear were $5,000 10. The company recelved insurance proceeds for one of its key executives in 2023 of $14,000 Insurance premiums in the amount of $3,700 annually are deducted for accounting purposes. 11. Machinery was acquired in January for $400,000 Straight-line amortization over a 10 year life with residual value of 40,000 For taxes, CCA is used, Shoom may deduct 12% for CCA in 2023 (ignore the half vear rule)