Cremshaw Inc.s auditors prepared the following detail reconciliation between book and taxable income. Cremshaws income tax rate is 21%. Book income before tax $650,000 Bad debt allowance $25,000 Meals ($30,000 * 50%) $15,000 Tax-exempt interest income $(20,000) Wages not paid in 2 months $45,000 Taxable income $715,000 Compute Cremshaws financial tax expense and Cremshaws tax payable.