Cole, an unmarried individual with no dependents, has the following income items:Interest income$ $24,200$Schedule C net profit$50,600$Cole has $$9,300$ itemized deductions and the Schedule C income is qualified business income $($non$-$service$).$Required:Compute Coles income tax. Assume the taxable year is $2023.$ Use Individual Tax Rate Schedules and Standard Deduction Table