$1.$ The records for Graham Co show this data for $2024$: $$ i$.$ Installment sales of $$450,000$ were recognized on the accrual basis for financial statement reporting.$$ Only the $$310,000$ that was collected during $2024$ was recognized for tax purposes. ii$.$ A penalty was paid for unpaid taxes in a previous year in the amount of $$1,750.$ iii.$$ Machinery was acquired in January for $$190,000.$ Straight$-$line depreciation over a ten$-$year life $($no salvage value$)$ is used.$$ For tax purposes, MACRS depreciation is used and Graham may deduct $14\%$ for $2024.$ iv$.$ Interest received on tax exempt Kansas state bonds was $$1,600.$ v$.$ The estimated warranty liability related to $2024$ sales was $$23,000.$ Repair costs under warranties incurred during $2024$ were $$19,000.$ The remainder will be incurred in $2025.$ vi$.$ Pretax financial income is $$340,000.$ The tax rate is $25\%.$ Required: $$ Prepare a schedule starting with pretax financial income and compute taxable income.