Please answer all the questions and show the solution in good accounting form. Thank you!

1. CUPID Corporation leased equipment to a lessee on April 1, 2021 for an eight-year period expiring April 1, 2029. Equal payments under the lease are 600,000 and are due on April 1 of each year. The first payment was made on April 1, 2021. The list selling price of the equipment is 3,520,000 and the carrying amount is 2,800,000. The lease is appropriately accounted for as a sales-type lease. The present value of the lease payments is 3,300,000. What is the amount of profit on the sale that should be reported for 2021?

2. On January 1, 2021, DONNER Corporation purchased investment securities for 1,200,000. The securities are classified as trading. By December 31, 2021, the securities had a fair value of 1,680,000 but had not yet been sold. The company recognized a 320,000 restructuring charge during the year. The restructuring charge is composed of an impairment write-down on a manufacturing facility. Tax rules do not allow a deduction for the write-down unless the facility is actually sold. The facility was not sold by the end of the year. Excluding the trading securities and the restructuring the charge, income before taxes for the year was 4,000,000. The income tax rate for the current year and future years is 30%. What is DONNER's current tax expense?