Sunland inc. began business on January 1, 2025, Its pretax financial income for the first 2 years was as follows: The following items caused the only differences between pretax financial income and taxable income: 1. In 2025, the company collected $351,000 of rent; of this amount, $117,000 was earned in 2025 ; the other $234,000 will be earned equally over the 2026-2027 period. The full $351,000 was included in taxable income in 2025. 2. The company pays $9,700 a year for life insurance on officers for which it is the beneficiary. 3. In 2026, the company terminated a top executive and agreed to $81,000 of severance pay. The amount will be paid $27,000 per year for the years 2026 through 2028. The 2026 payment was made. The $81,000 was expensed in 2026 . For tax purposes, the severance pay is deductible as it is paid. The enacted tax rates existing at December 31,2025 are: Determine taxable income for 2025 and 2026. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)