Lantz Ltd. reported earnings before income taxes of $630,000 in 20X5. The company had expensed $34,000 of golf club dues that were not tax deductible. There was tax free dividend revenue of $14.500. Warranty expense was $19.000. Depreciation was $129,000, while CCA was $221.000. Warranty claims paid were $39.500. The tax rate for this year is 30%. Required: Calculate taxable income and income tax payable. Taxable income Income tax payable