The following information is available for Cullumber Corporation for 2023. 1. CCA that was reported on the 2023 tax return exceeded depreciation reported on the income statement by $124,800. This difference is expected to reverse in equal amounts of $31,200 per year over the period 2024 to 2027. 2. Dividends received from taxable Canadian corporations were $17,940. 3. Rent collected in advance on January 1,2023 , totalled $70,200 for a three-year period. Of this amount, $46,800 was reported as unearned for book purposes at December 31, 2023. 4. The tax rates are 25% for 2023 and 30% for 2024 and subsequent years. 5. Income taxes payable are $156,000 for 2023 . (a) Calculate taxable income for 2023