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

Tax rate: $25\%$

a$.$ Expenses each year include $$62$ million from a two$-$year casualty insurance policy purchased in $2024$ for $$124$

million. The cost is tax deductible in $2024.$

b$.$ Expenses Include $$2$ million Insurance premlums each year for life insurance on key executlves.

c$.$ Arndt sells one$-$year subscriptions to a weekly journal. Subscription sales collected and taxable in $2024$ and $2025$

were $$63$ million and $$79$ million, respectively. Subscriptions Included In $2024$ and $2025$ financlal reporting

revenues were $$57$ million $($$$40$ million collected in $2023$ but not recognized as revenue until $2024)$ and $$63$ million,

respectlvely. Hint Vlew this as two temporary differences$-$one reversing in $2024$; one originating in $2024.$

d$.2024$ expenses included a $$46$ million unrealized loss from reducing investments $($classlfied as trading securltes$)$ to

falr value. The investments were sold and the loss realized in $2025.$

e$.$ During $2023,$ accounting income included an estimated loss of $$36$ million from having accrued a loss contingency.

The loss was pald in $2024,$ at which time it is tax deductible.

f$.$ At January $1,2024,$ Amdt had a deferred tax asset of $$19$ million and no deferred tax liability.

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 $2025.$

Answer is not complete.

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 $5\mathrm{.}5).$