Delta Catfish Company has taken a position in its tax return to claim a tax credit of $21 million (direct reduction in taxes payable) and has determined that its sustalnability Is "more likely than not, based on its technical merits. Delta has developed the probablity table shown below of all possible material outcomes: Amount of the tax benefit that management expects to receive $21 $16.8 $12.6 $8-4 $4.2 Percentage likelthood that: the tax benefit viil be austasned at this level 10% 20% 25% 20% 25% Delta's taxable income is $96 million for the year. Its effective tax rate is 40%. The tax credit would be a direct reduction in current taxes payable. Required: 1. At what amount would Delta measure the tax benefit in its income statement? 2. Prepare the appropriate journal entry for Deita to record its income taxes for the year Complete this question by entering your answers in the tabs below Recuired 1 Required2 At what amount would Delta measure the tax benefit in its income statement? (Enter your answer in millions and round your answer to 1 decimal places.) mition