On January 1, 2018. Ameen company...

On January 1, 2018, Ameen Company purchased major pleces 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 2018. At December 31, 2020, the book value of the equipment was $105 million At December 31, 2021, the book value of the equipment was $98 million. There were no other temporary differences and no permanent differences, Pretax accounting income for 2021 was 5178 million Required: 1. Prepare the appropriate journal entry to record Ameen's 2021 Income taxes. Assume an income tax rate of 20% 2. What is Ameen's 2021 net income? Complete this question by entering your answers in the tabs below. Required Kred Prepare the appropriate journal entry to record Amen's 2021 income taxes. Asume an income tax rate of 20%. (If no entry is required For traction lectory in the stoccountfied Enter your answers in million rounded to s decimal place 10.000.000 should be entered 10.11) Valenty Credit