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3 . Compute the deferred tax amounts that should be reported on the 2 0 2 4 balance sheet. Prepare a schedule that reconciles the

3. Compute the deferred tax amounts that should be reported on the 2024 balance sheet. Prepare a schedule that reconciles the difference between pretax accounting income and taxable income.
4. Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. Using the schedule, prepare the necessary journal entry to record income taxes for 2025.
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