Elght independent situations are described below. Each involves future deductible amounts and/or future taxable amounts: (5 in millions) Temporary Differences Reported first on: The Income Statement The Tax Return Revenue Expense Revenue Expense 1. $24 2. $24 3. $24 4. $24 5. 19 24 24 19 19 24 14 24 14 6. - 8 19 Required: For each situation, determine taxable income, assuming pretax accounting income is $140 million (Enter your answers in millons (le.. 10,000,000 should be entered as 10).) hos Situations Taxable income 2 3 4 5 0 7 3 Elght independent situations are described below. Each involves future deductible amounts and/or future taxable amounts: (5 in millions) Temporary Differences Reported first on: The Income Statement The Tax Return Revenue Expense Revenue Expense 1. $24 2. $24 3. $24 4. $24 5. 19 24 24 19 19 24 14 24 14 6. - 8 19 Required: For each situation, determine taxable income, assuming pretax accounting income is $140 million (Enter your answers in millons (le.. 10,000,000 should be entered as 10).) hos Situations Taxable income 2 3 4 5 0 7 3