Wayside Fruit Company is a sole proprietorship owned by Neil Stephenson. The company's records reflect the following:

Sales revenue 185,000

Operating expenses 125,000

Depreciation expense for book 13,000

Cost recovery allowance for tax 17,500

Loss on the sale of delivery truck to Neil's brother 5,00

Amount paid to fruit inspector to overlook below-standard fruit shipped to various vendors 3,000

Compute the net income before tax for book purposes and the amount of taxable income for Wayside Fruit Company.