Please be clear and do not handwrite the answer. Thank you.

The information that follows pertains to Richards Refrigeration, Inc.: a. At December 31, 2021, temporary differences existed between the financial statement book values and the tax bases of the following: ($ in millions) Future Taxable Tax (Deductible) Basis Amount $90 $ 30 50 0 (25) Book Value $120 50 25 Buildings and equipment (net of accumulated depreciation) Prepaid insurance Liability-loss contingency b. No temporary differences existed at the beginning of 2021. c. Pretax accounting income was $200 million and taxable income was $145 million for the year ended December 31, 2021. The tax rate is 25%. Required: 1. Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2021. 2. What is the 2021 net income? Required 1 Calculation Required 1 G] Required 2 Complete the following table given below to record income taxes for 2021. (Negative amounts should be entered with a minus sign. your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) Tax Rate % Tax $ Recorded as: ($ in millions) $ 200 Pretax accounting income Permanent differences 200 X $ 0.00 Income subject to taxation Temporary Differences X X = Income taxable in current year $ 200 Journal entry worksheet