Splish Enterprises Ltd, a private company following ASPE earned accounting income before taxes of $1.720,000 for the year ended December 31, 2023 During 2023, Silish paid $247.000 for meals and entertainment expenses. in 2020. Splish's tax accountant made a mistake when preparing the company's income tax return In 2023, Splish paid $20,000 in penalties related to this error. These penalties were not deductible for tax purposes. Splish owned a warehouse building for which it had no current use, so the company chose to use the building as a rental property. At the beginning of 2023, Salish rented the building to SPK inc, for two years at $255.000 per year. SPK paid the entire two years rent in advance Solish used the straight-line depreciation method for accounting purposes and recorded depreciation expense of $398,000. For tax purposes. Splish claimed the maximum capital cost allowance of $623,000 Spinh began to sell its products with a two-year warranty against manufacturing defects in 2023 to match a warranty introduced by its main competitor In 2023, Splish accrued $587,000 of warranty expenses actual expenditures for 2023 were $283.000 with that remaining $304,000 anticipated in 2004 In 2023, Splish was subject to a 35% income tax rate. During the year, the federal government announced that tax rates would be decreased to 23% for all future years beginning January 1, 2024.

Calculate taxable income and the amount of current income tax expense for 2023.