Southern Atlantic Distributors began operations in January 2024 and purchased a dellvery truck for $40,000. Southern Atiantic plans to use straight-line depreciation over a four-year expected useful life for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2024,30% in 2025, and 20% in 2026. Pretax accounting income for 2024 was $440,000, which includes interest revenue of $44,000 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 prepare the journal entry to record income taxes 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 2024. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in whote dollars