I need the requirements 1 and 2. thanks

On January 1, 2021, Ameen Company purchased major pleces of manufacturing equipment for a total of $36 million. Ameen uses straight-line depreciation for financial statement reporting and deducted 100% of the equipment's cost for income tax reporting in 2021. At December 31, 2023, the book value of the equipment was $30 million. At December 31,2024 , the book value of the equipment was $28 milion. There were no other temporary differences and no permanent differences. Pretax accounting income for 2024 was $50 milion. Required: 1. Prepare the appropriate journal entry to record Ameen's 2024 income taxes. Assume an income tax rate of 25%. 2. What is Ameen's 2024 net income? Complete this question by entering your answers in the tabs below. Prepare the oppropriate journal entry to record Ameen's 2024 income taxes. Assume an income tax rate of 25%. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answers in millians rounded to 1 decimal place (1.ei, 5,500,000 should be entered as , 5, 5). On January 1, 2021, Ameen Company purchased major pleces of manufacturing equipment for a total of $36 mililon. Ameen uses straight-line depreciation for finencial statement reporting and deducted too\% of the equipment's cost for income tax reporting in 2021. At December 31, 2023, the book value of the equipment was $30 million. At December 31, 2024, the book value of the equipment was $28 million. There were no other temporary differences and no permanent differences. Protax accounting income for 2024 was $50 million. Required: 1. Prepare the appropriate journal entry to record Ameen's 2024 income taxes. Assume an income tax rate of 25%. 2. What is Ameen's 2024 net income? Complete this question by entering your answers in the tabs below. What is Ameen's 2024 net income? Note: Enter your answer in millions (i.e. 10,000,000 shoold be entered as 10)