Please provide the calculation!

The following information has been obtained for Pharoah Corporation. 1. Prior to 2025, takable income and pretax financial income were identical. 2. Pretax financial income is $1,728,000 in 2025 and $1,517,000 in 2026 . 3. On January 1,2025, equipment costing $1,236,000 is purchased. It is to be depreciated on a straight-line basis over 5 years for tax purposes and over 8 years for financial reporting purposes. (Hint: Use the half-year convention for tax purposes, as discussed in Appendix 10A.) 4. Interest of $63,000 was earned on tax-exempt municipal obligations in 2026 . 5. Included in 2026 pretax financial income is a gain on discontinued operations of $201,000, which is fully taxable. 6. The tax rate is 20% for all periods. 7. Taxable income is expected in all future vears. (a) Compute taxable income and income taxes payable for 2026