InterestincomeonmunicipalgovernmentalbondsDepreciationclaimedonthe2024taxreturninexcessofdepreciationontheincomestatementCarryingamountofdepreciableassetsinexcessoftheirtaxbasisatyear-endWarrantyexpensereportedontheincomestatementActualwarrantyexpendituresin2024$76,000100,000176,00048,00038,000 Fidelity's income tax rate is 25%. At January 1,2024 , Fidelity's records indicated balances of zero and $19,000 in its deferred tax asse 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? Complete this question by entering your answers in the tabs below. 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). Journal entry worksheet Note: Enter debits before credits. What is Fidelity's 2024 net income? Note: Round intermediate calculations to 2 decimal places. Enter your answers in thousands (i.e., 5,500 should be entered as 5.5).)