Amoid Industries has pretax accounting income of $66 milion for the year ended December 31, 2016. The tax rate is 40%. The only dflerence between accounting income and taxable income relates to an operating lease in which Armold is the lessee. The inception of the lease was December 28, 2016. An $16 milion advance rent payment at the inception of the lease is tax-deducible in 2016 but, for fnancial reporting purposes, represents prepaid rent expense to be recognized equally over the four-year lease term. Required: 1. Complete the following table given below and prepare the appropriate journal entry to record Amolds income taxes for 2016. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place 5,500,000 should be entered as 5.5 Rate % Pretax accounting incomeS Rent costs reversing in 66.0 2017 2018 2019 2020 Total defemed tax amount Income taxuable in current year 66.0 68.0 x view general journal Event General Journal Debit No Transacion Recorded