Arnold Industries has pretex accounting Income of $112 million for the year ended December 31, 2021. The tax rate is 25%. The only difference between accounting income and taxable income relates to an operating lease in which Arnold is the lessee. The Inception of the lease wes December 28, 2021. An $BB million advance rent payment at the Inception of the lease is tux-deductible in 2021 but. for financial 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 joumal entry to record Arnold's Income taxes for 2021. 2. Prepare the appropriate journal entry to record Amold's income taxes for 2022. Pretex accounting income was $150 million for the year ended December 21, 2022 3. Assume a new tax law is enacted in 2022 that causes the tax rate to charge from 25% to 15% beginning in 2023. Complete the following table given below and prepare the appropriate journal entry to record Arnold's income taxes for 2022 Complete this question by entering your answers in the tabs below. Required 1 Calculation Required 1 a Required 2 Red 3 Colucion Required Complete the following table given tulon to record Arnold's imaxes for 2021. (Enter your answers in milion rounded to 1 decimal placu (.e.5.500,000 should be entered 5.5).) Tax Rate Tax $ Recorded : Is in millions $ 1120 Prawoning inom Rent costs wwwsing in 2022 . $ 2020 Taloforradakam.nl INDOTwxable in burrent you 1120 Red 16