Es Homework Saved Help Save & Exit Check my Alvis Corporation reports pretax accounting income of $240,000, but due to a single temporary difference, taxable income is only $130,000. At the beginning of the year, no temporary differences existed. Required: 1. Assuming a tax rate of 25%, what will be Alvis's net income? 2. What will Alvis report in the balance sheet pertaining to income taxes? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming a tax rate of 25%, what will be Alvis's net income? Not income Red Required 2 > Prey 1 of 30 !!! Next > ed Complete this question by entering your answers in the tab= k t Required 1 Required 2 nt Ences What will Alvis report in the balance sheet pertaining to income tax- Balance Sheet Account Reported Amount