Wildhorse Corporation follows IFRS. Prior to 2022, the accounting income and taxable income for Wildhorse were the same. On January 1, 2022, the company purchased equipment at a cost of $1,170,000. For accounting purposes, the equipment was to be depreciated over six years using the straight-line method and no residual value. For income tax purposes, the equipment was subject to a CCA rate of 30% and was eligible for the Accelerated Investment Incentive (1.5 times the CCA rate applies for 2022). Wildhorse's income before tax for accounting purposes for 2023 was $11,400,000. The company was subject to a 20% income tax rate for all applicable years and anticipated profitable years for the foreseeable future. Calculate taxable income and the amount of current income tax expense for 2023. Taxable income $ Income taxes payable $