For the year ended December 31, 2024, Fidelity Engineering reported pretax accounting income of $984,000. Selected information for 2024 from Fidelity's records follows: InterestincomeonmunicipalgovernmentalbondsDepreciationclaimedonthe2024taxreturninexcessofdepreciationontheincomestatementCarryingamountofdepreciableassetsinexcessoftheirtaxbasisatyear-endWarrantyexpensereportedontheincomestatementActualwarrantyexpendituresin2024$0,00064,000104,00030,00020,000 Fidelity's income tax rate is 25%. At January 1, 2024, Fidelity's records indicated balances of zero and $10,000 in its deferred tax asset and deferred tax liability accounts, respectively. Required: 1. Determine the amounts necessary to record income taxes for 2024 , and prepare the appropriate journal entry. 2. 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. Prepare the appropriate journal entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations to 2 decimal places. Enter your answers in thousands (i.e., 5,500 should be entered as 5.5 )