On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. Ameen uses straight-line depreciation for financial statement reporting and MACRS for income tax reporting. At December 31, 2020, the book value of the equipment was $45 million and its tax basis was $34 million. At December 31, 2021, the book value of the equipment was $42 million and its tax basis was $28 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2021 was $40 million. Required: 19. Prepare the appropriate journal entry to record Ameen's 2021 income taxes at the end of 2021. Assume an income tax rate of 25%. A. Income tax expense 10 Income tax payable (determined above) 10 B. Income tax expense (to balance) 10 Deferred tax liability (determined above) Income tax payable (determined above) 0.75 9.25 C. Income tax expense (to balance) 10 Deferred tax liability (determined above) Income tax payable (determined above) D. Income tax expense (to balance) Deferred tax liability (determined above) Income tax payable (determined above) 1.5 8.5 10 1.25 8.75 900 20. What is Ameen's 2021 net income? A. 31.5 B. 20 C. 30 D. 38.5 de bon (vede bonismes