On January $1,2021,$ Ameen Company purchased major pieces of manufacturing equipment for a total of $$126$ million. Ameen uses straight$-$line depreciation for financial statement reporting and deducted $100\%$ of the equipment$$s cost for income tax reporting in $2021.$ At December $31,2023,$ the book value of the equipment was $$105$ million. At December $31,2024,$ the book value of the equipment was $$98$ million. There were no other temporary differences and no permanent differences. Pretax accounting income for $2024$ was $$158$ million.

Required:

$1.$Prepare the appropriate journal entry to record Ameen$$s $2024$ income taxes. Assume an income tax rate of $20\%.$

$2.$What is Ameen$$s $2024$ net income?