Required: 1. Assuming no differences between accounting income and taxable income other than those described above, prepare the appropriate journal entry to record Case's 2021 income taxes. 2. What is Case's 2021 net income? Complete this question by entering your answers in the tabs below. What is Case's 2021 net income? (Enter your answer in whole dollars.) Lance Lawn Services reports warranty expense by estimating the amount that eventually will be paid to satisfy warranties on its product sales. For tax purposes, the expense is deducted when the warranty work is completed. At December 31, 2021, Lance has a warranty liability of $2 million and taxable income of $90 million. At December 31,2020 , Lance reported a deferred tax asset of $441,000 related to this difference in reporting warranties, its only temporary difference. The enacted tax rate is 25% each year. Required: Prepare the appropriate journal entry to record Lance's income tax provision 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 whole dollars.) Journal entry worksheet Note: Enter debits before credits. Delta Catfish Company has taken a position in its tax return to claim a tax credit of $210 million (direct reduction in taxes payable) an has determined that its sustainability is "more likely than not," based on its technical merits. Delta has developed the probability tabi shown below of all possible material outcomes: Delta's taxable income is $916 million for the year. Its effective tax rate is 25%. The tax credit would be a direct reduction in current taxes payable. Required: 1. At what amount would Delta measure the tax benefit in its income statement? : 2. Prepare the appropriate journal entry for Delta to record its income taxes for the year. Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entry for Delta to record its income taxes for the year. (if no entry is required for a transactionvevent, select "No joumal entry required" in the first account field. Enter your answers in millions (i.e., 5,500,000 should be entered as 5.5).) Journal entry worksheet