Corning-Howell reported taxable income in 2024 of $120 million. At December 31, 2024, the reported amount of some assets and liabilities in the financial statements differed from their tax bases as indicated below: Carrying Amount Tax Basis Assets Current Net accounts receivable $ 10 million $ 12 million Prepaid insurance 20 million 0 Prepaid advertising 6 million 0 Noncurrent Investments in equity securities (fair value)*Footnote asterisk 4 million 0 Buildings and equipment (net) 360 million 280 million Liabilities Current Deferred subscription revenue 14 million 0 Long-term Liabilitycompensated future absences 594 million 0 *Footnote asteriskGains and losses taxable when investments are sold. The total