The following information has been obtained for Sunland Corporation. 1. Prior to 2025, taxable income and pretax financial income were identical. 2. Pretax financial income is $1,649,000 in 2025 and $1,476,000 in 2026 . 3. On January 1,2025, equipment costing $1,140,000 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 $55,000 was earned on tax-exempt municipal obligations in 2026 . 5. Included in 2026 pretax financial income is a gain on discontinued operations of $183,000, which is fully taxable. 6. The tax rate is 20% for all periods. 7. Taxable income is expected in all future years. (a) Compute taxable income and income taxes payable for 2026. Taxable income Income taxes payable \$