On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $40 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 $34 million and its tax basis was $24 million. At December 31, 2021, the book value of the equipment was $32 million and its tax basis was $17 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2021 was $30 million. Required: 1. Prepare the appropriate journal entry to record Ameen's 2021 income taxes. Assume an income tax rate of 25%. 2. What is Ameen's 2021 net income