The following information is available for Concord Corporation for 2017.

1-

CCA reported on the 2017 tax return exceeded depreciation reported on the income statement by $198,400. This difference is expected to reverse in equal amounts of $49,600 per year over the period 2018 to 2021.

2- Dividends received from taxable Canadian corporations were $28,520.

3- Rent collected in advance on January 1, 2017 totalled $111,600 for a three-year period. Of this amount, $74,400 was reported as unearned for book purposes at December 31, 2017.

4- The tax rates are 25% for 2017 and 30% for 2018 and subsequent years.

5- Income taxes payable are $248,000 for 2017.

A) - Calculate taxable income.

Taxable income

$____________

B) - Calculate accounting income for 2017.

Accounting income for 2017 $______________.