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please help asap The information that follows pertains to Richards Refrigeration, Inc.: a. At December 31, 2021, temporary differences existed between the financial statement book
please help asap
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: b. No temporary differences existed at the beginning of 2021. c. Pretax accounting income was $211 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? equired: Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2021. What is the 2021 net income? Complete this question by entering your answers in the tabs below. Complete the following table given below to record income taxes for 2021 . (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50). Negative amounts should be entered with a minus sign.) Required: Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2021. . What is the 2021 net income? Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entry to record income taxes for 2021 . (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50) ) Journal entry worksheet Note: Enter debits before credits. 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? Complete this question by entering your answers in the tabs below. What is the 2021 net income? (Enter your answer in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)Step by Step Solution
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