For the year ended December $31,2024,$ Fidelity Engineering reported pretax accounting income of $$1,012,000.$ Selected information for $2024$ from Fidelity$$s records follows:

Interest income on municipal governmental bonds $ $68,000$

Depreciation claimed on the $2024$ tax return in excess of depreciation on the income statement $92,000$

Carrying amount of depreciable assets in excess of their tax basis at year$-$end $160,000$

Warranty expense reported on the income statement $44,000$

Actual warranty expenditures in $202434,000$

Fidelity's income tax rate is $25\%.$ At January $1,2024,$ Fidelity's records indicated balances of zero and $$17,000$ in its deferred tax asset and deferred tax liability accounts, respectively.

Required:

Determine the amounts necessary to record income taxes for $2024,$ and prepare the appropriate journal entry.

What is Fidelity$$s $2024$ net income? Determine the amounts necessary to record income taxes for $2024.$

Note: Enter your answers in thousands rounded to $1$ decimal place. Amounts to be deducted should be indicated with a minus sign.

Description Amount $\backslash$times Tax Rate Tax Recorded as:

Pretax accounting income $$1,012\mathrm{.}0$

Permanent difference

Income subject to taxation $$1,012\mathrm{.}0\backslash$times $=$

Temporary difference

$\backslash$times $=$

$\backslash$times $=$

Taxable income $($income tax return$)$ $$1,012\mathrm{.}0\backslash$times $=$