18 Allmond Corporation, organized on January 3, 2018, had pretax accounting income of $23 million and taxable income of $29 million for the year ended December 31, 2018 The 2018 tax rate is 40% The only difference between accounting income and taxable income is estimated product warranty costs. Expected payments and scheduled tax rates (based on recent tax legislation) are as follows: 201952 million 30% 2020 1 million 30% 2021 1 million 30 2022 2 million 25 Required: 1 Determine the amounts necessary to record Almond's income taes for 2018 and prepare the eterences1Det 2 What is Allmand's 2018 net income? Complete this question by entering your answers in the tabs below equred Calculation Reqired 103 Rquired 2 Determine the amounts necessary to record Atmond's income taxes for 018 dedmal place., 5,500,000 shvould be entured as yoan