Delta Catfish Company has taken a position in its tax return to claim a tax credit of $180 million (direct reduction in taxes payable) and has determined that its sustainability is "more likely than not," based on its technical merits. Delta has developed the probability table shown below of all possible material outcomes: Probability Table (5 in millions] Amount of the tax benefit that management expects to receive Percentage likelihood that the tax benefit will be sustained at this level $ 100 10% $100 $178 $166 $164 201 256 201 25 Delta's taxable income is $784 million for the year. Its effective tax rate is 25%. 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 Delta to record its income taxes for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 At what amount would Delta measure the tax benefit in its income statement? Note: Enter your answers in millions (ie, 10,000,000 should be entered as 10). Tax benefit million