Arndt, Incorporated reported the following for $2024$ and $2025($$ in millions$)$:

Tax rate: $25\%$

a$.$ Expenses each year include $$74$ million from a two$-$year casualty insurance policy purchased in $2024$ for $$148$

million. The cost is tax deductible in $2024.$

b$.$ Expenses include $$2$ million insurance premiums each year for life insurance on key executives.

c$.$ Arndt sells one$-$year subscriptions to a weekly journal. Subscription sales collected and taxable in $2024$ and

$2025$ were $$75$ million and $$91$ million, respectively. Subscriptions included in $2024$ and $2025$ financial

reporting revenues were $$69$ million $($ $$52$ million collected in $2023$ but not recognized as revenue until $2024)$

and $$75$ million, respectively. Hint. View this as two temporary differences$-$one reversing in $2024$ ; one

originating in $2024.$

d$.2024$ expenses included a $$58$ million unrealized loss from reducing investments $($classified as trading

securities$)$ to fair value. The investments were sold and the loss realized in $2025.$

e$.$ During $2023,$ accounting income included an estimated loss of $$48$ million from having accrued a loss

contingency. The loss was paid in $2024,$ at which time it is tax deductible.

f$.$ At January $1,2024,$ Arndt had a deferred tax asset of $$25$ million and no deferred tax liability. I ONLY NEED THE INCOME TAX JOURNAL ENTRY