Southern Atiantic Distributors began operations in January 2024 and purchased a dellvery truck for $40,000. Southern Atiantic plans. to use straight-ine depreciation over a four-year expected useful life for financial reporting purposes. For tax purposes, the deduction is 40% of cost in 2024, 30\% in 2025, and 30% in 2026 . Pretas accounting income for 2024 was 5480.000 , which includes interest. tevenue of 564,000 from municipal governmental bonds. The enacted tax rate is 25% Assuming no differences between accounting income and taxable income other than those described above: Required: 1. Complete the following table and prepore the joumal entry to record income raxes in 2024. 2. What is Southern Atiantic's 2024 net income? Complete this question by entering your answers in the tabs below. Complete the following table to record income taxes in 2.024 . Notet Amounts to be deducted should be Indicated with a minus sign. Enter your answars in whole dolkirs