How do we calculate deferred tax liability in the journal entry portion?

The information that follows pertains to Richards Reftigeration, Inc: a. At December 31, 2021, temporary differences existed between the financial statement book values and the tax bases of the following: b. No temporary differences existed at the beginning of 2021 . c. Pretax accounting income was $206 million and taxable income was $145 million for the year ended December 31,2021 . The tax rate is 25%. Required: 1. Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2021. 2. What is the 2021 net income? Complete this question by entering your answers in the tabs below. Complete the following table given below to record income taxes for 2021 . (Enter your answers in millions rounded to 2 decimal places (i.e. 5,500,000 should be entered as 5.50 ). Negative amounts should be entered with a minus sign.) b. No temporary differences existed at the beginning of 2021 . c. Pretax accounting income was $206 million and taxable income was $145 million for the year ended December 31 , 2021 . The tae tate is 25% Required: 1. Complete the following table given below and prepare the appropeiate journal entry to record income taxes for 2021. 2. What is the 2021 net income? Complete this question by entering your answers in the tabs below. Drepare the approptiate joumal entry to record income taxes for 2021 . (II no entry is raquired for a transaction/event, sewed "No Journal entry required" in the first account feeld. Enter your answers in milions rounded ta 2 isecinal ptaces the. 5.500,000 should be entered as 5.50) Hequired: 1. Complete the following table given below and ptepare the appropriate jountat entry to recoid incoine taxes for 2021. 2. What is the 2021 net income? Complete this question by entering your answers in the talus below. Complete the foliowing table given below to record income taxes for 2021 . (Enter yoat angwes in milions fuurifed to 2 dedinal places Q.e. 5,500,000 thould be entered as 5,50). Negative amotints should be entimed with a ininus sign