Sandhil Corporation reports pretax financial income of $$262,000$ for $2025.$The following items cause taxable income to be different than pretax financial income.

$1.$ Rental income on the income statement is less than rent collected on the tax return by $$66,200$

$2.$Depreciation on the tax return is less than depreciation on the income statement by $$40,700.$

$3.$ Interest on an investment in a municipal bond of $$7,900$ on the income statement.

Sandhill's tax rate is $30\%$ for all years, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of $2025.$

a$)$ Compute taxable income and income taxes payable for $2025$