The following information is available forSwiftyCorporation for 2020.

1.CCA that was reported on the 2020 tax return exceeded depreciation reported on the income statement by $179,200. This difference is expected to reverse in equal amounts of $44,800per year over the period 2021 to 2024.

2. Dividends received from taxable Canadian corporations were $25,760.

3.Rent collected in advance on January 1, 2020 totalled $100,800for a three-year period. Of this amount, $67,200was reported as unearned for book purposes at December 31, 2020.

4.The tax rates are25% for 2020 and30% for 2021 and subsequent years.

5.Income taxes payable are $224,000for 2020.

a) Calculate taxable income.

b)income tax payable

c) income tax expense