Determine the amounts necessary to record income taxes for 2018 and prepare the appropriate journal entry. Answer is not complete. Complete this question by entering your answers in the tabs below Required 1 Required 2 Determine the amounts necessary to record income taxes for 2018 and prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) No Event General Journal Debit Credit Income tax expense 30.0 Deferred tax asset 3.2 Deferred tax liability Income tax payable 12.0 6.4 Required 1 Required 2 Assume the enacted federal income tax law specifies that the tax rate will change from 40% to 35%, in 2020 Determine the amounts necessary to record income taxes for 2018 and prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Show lessA View transaction list 1 Record 2018 income taxes. Credit Note:-journal entry has been entered Record entry Clear entry View general joumal