For the taxation year ended December 31, a property management company had taxable income of $565,000. This was made up of $450,000 of active business income and $115,000 of taxable capital gains. The company is associated with one other company and they have each agreed to split the $500,000 business limit 50/50. Determine the Part I federal tax payable for the Company for the year ended December 31. Round your final answer to the nearest $. Do not round intermediary answers