ter 16-Homework Help Save& ExiltSubn Check my wore Exercise 16-15 Multiple tax rates [L016-2, 16-5) Almond Corporation, organized on January 3,2018, had pretax accounting income of $34 million and taxable income of $44 million for the year ended December 31, 2018. The 2018 tax rate is 35%. The only difference between accounting Income and taxable income s estimated product warranty costs. Expected payments and scheduled tax rates (based on recent tax legislation) are as follows 2020 2 illion 30 2022 2 million 25 1. Determine the amounts necessary to record Allmond's income taxes for 2018 and prepare the appropriate journal entry 2. What is Allmond's 2018 net income? Complete this question by entering your answers in the tabs below Calculation RequiredG3 Required 2 necessary to record Almond's income taxes for 208 (Enter your answers in mitions reunded to 1 decimal place (.e 5,500,000 should be entered as 5.5). Enter all amounts as positive values) Warranty costs neverning in