Cullumber Company leased equipment to Emley Company on July 1, 2025, for a one-year period expiring June 30, 2026, for $81000 a month. On July 1, 2025, Cullumber leased this piece of equipment to Terry Company for a three-year period expiring June 30, 2029, for $101000 a month. The original cost of the equipment was $6450000. The equipment, which has been continually on lease since July 1, 2021, is being depreciated on a straight-line basis over an eight-year period with no salvage value. Assuming that both the lease to Emley and the lease to Terry are appropriately recorded as operating leases for accounting purposes, what is the amount of income (expense) before income taxes that each would record as a result of the above facts for the year ended December 31, 2026?