Check my work Alvis Corporation reports pretax accounting income of $240,000, but due to a single temporary difference, taxable income is only $130,000. At the beginning of the year, no temporary differences existed. nts Required: 1. Assuming a tax rate of 30%, what will be Alvis's net income? 2. What will Alvis report in the balance sheet pertaining to income taxes? Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Hint Assuming a tax rate of 30%, what will be Alvis's net income? Print Net income Required 1 Required 2 > Complete this question by entering your answers in the tabs belo Required 1 Required 2 What will Alvis report in the balance sheet pertaining to income taxes? Balance Sheet Account Reported Amount