Lantz Ltd. reported earnings before income taxes of $570,000 in 20X5. The company had expensed $28,000 of golf club dues that were not tax deductible. There was tax-free dividend revenue of $11,500. Warranty expense was $43,000. Depreciation was $123,000, while CCA was $200,000. Warranty claims paid were $36,500. The tax rate for this year is 30%.

Calculate taxable income and income tax payable.