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Crane Corp's operations in $2023$ had mixed results. One division, Vincenti Group, again failed to earn income at a rate that was high

enough to justify its continued operation, and management ther efore decided to close the division. Vincenti Group earned revenue o

$$126,000$ during $2023$ and recognized total expenses of $$118,800.$ The remaining two divisions reported revenues of $$283,000$ and

total expenses of $$216,300$ in $2023.$

In preparing the annual income tax return, Crane's controller took into account the following information:

The CCA exceeded depreciation expense by $$4,700.$ There were no depreciable assets in the Vincenti Group division.

Included in the Vincenti Group's expenses is an accrued litigation loss of $$5,900$ that is not deductible for tax purposes until

Included in the continuing divisions' expenses are the president's golf club dues of $$4,800,$ and included in their revenues are

$$2,300$ of dividends from taxable Canadian corporations.

There were no deferred tax account balances for any of the divisions on January $1,2023.$

The tax rate for $2023$ and future years is $30\%.$

Crane reports under IFRS.

$($a$)$

Calculate the taxable income and income tax payable by Crane in $2023$ and the Deferred Tax Asset or Deferred Tax Liability

balances at December $31,2023.$

Taxable income

Income taxpayable

s

Deferred tax

s

Deferred tax

s

Please show work :)