2. For the year ended December 31, 2013, Fidelity Engineering reported pretax accounting income of $977,000. Selected information for 2013 from Fidelity's records follows: Fidelity's income tax rate is 40%. At January 1, 2013, Fidelity's records indicated balances of zero and $12,000 in its deferred tax asset and deferred tax liability accounts, respectively. Required: a) Determine the amounts necessary to record income taxes for 2013 and prepare the appropriate journal entry. b) What is Fidelity's 2013 net income