A company began operations in January Year 1 and purchased a vehicle for $40,000. The company plans to use straight-line depreciation over a four-year expected useful life for financial reporting purposes. For tax purposes, the deduction is 50% of cost in Year 1, 30\% in Year 2, and 20% in Year 3. Pretax accounting income for Year 1 was $200,000, which includes interest revenue of $28,000 from municipal governmental bonds. The enacted tax rate is 25%. Assuming no differences between accounting income and taxable income other than those described above: Required: 1. Complete the following table and prepare the journal entry to record income taxes in Year 1. 2. What is the company's Year 1 net income? Complete the following table to record income taxes in Year 1 : Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in whole dollars. Prepare the journal entry to record income taxes in Year 1. Note: If no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Enter your answers in whole dollars. What is the company's Year 1 net income? Note: Enter your answer in whole dollar