Allmond Corporation, organized on January 3, 2016, had pretax accounting income of $31 million and taxable income of $41 million for the year ended December 31, 2016. The 2016 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 2017 s4 million 2018 2 million 2019 2 million 2020 2 million 35% 35% 35% 30% Required 1. Determine the amounts necessary to record Allmond's income taxes for 2016 and prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter all amounts as positive values. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) in millions Tax Rate ax as: Pretax accounting income Warranty costs reversing in: 31.0 2017 2018 2019 2020 Total deferred tax amount Income taxable in current year