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Dixon Development began operations in December 2021. When lotsfor industrial development are sold, Dixon recognizes income forfinancial reporting purposes in the year of the sale.

Dixon Development began operations in December 2021. When lotsfor industrial development are sold, Dixon recognizes income forfinancial reporting purposes in the year of the sale. For somelots, Dix Pretax accounting income for 2021 was \( \$ 29 \) million. The enacted tax rate is \( 40 \% \). Required: 1. Assuming no differences between accounting income and taxable income other than those descr 2 answers

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