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Required Information

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Arndt, Incorporated reported the following for $2024$ and $2025($$ in millions$)$:

$\backslash$table$[[$Revenues$,2024,2025],[$Expenses$,$$$940,$$$1,032$

Prepare a schedule that reconciles the difference between pretax accounting Income and taxable income. Using the schedule, prepare the necessary journal entry to record income taxes for $2024.$

Complete this question by entering your answers in the tabs below.

Prepare a schedule that reconciles the difference between pretax accounting income and taxable income.

Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$

$\backslash$table$[[($S in millions$),\backslash$table$[[$Current$],[$Year $2024]],\backslash$table$[[$Future Taxable$],[$Amounts $[2025]]],\backslash$table$[[$Future$],[$Deductible$],[$Amounts $[2025]]]],[$Pretax accounting income,,,$],[$Permanent difference,,,$],[$Life insurance premiums,,,$],[$Temporary differences,,,$],[$Casualiy insurance expense,,,$],[$Subscriptions$-2023,,,],[$Subscriptions$-2024,,,],[$Unrealized los$5,,,],[$Loss contingency,,,$],[$Taxahle income,,,$]]$