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Required Information

$[$The following information applles to the questions displayed below.$]$

Arndt, Inc. reported the following for $2021$ and $2022($ $ in millions$)$:

$\backslash$table$[[,2021,2022],[$Revenues$,$$$938,,000],[$Expenses$,780,,810],[$Pretax accounting income $($income statement$),$$$158,$$$,190],[\backslash$table$[[$Taxable income $($tax return$)],[$Tax rate: $25\%$