[The following information applies to the questions displayed below Amdt, Inc., reported the following for 2016 and 2017 (S in millionsh $990 $1,042 Revenues Expenses 30 30 Pretax accounting income (income$960 $1012 $950 $1,030 statement) Taxable income (tax return) Tax rate: 40% a. Expenses each year include $30 million from a two-year casualty insurance policy b. Expenses include $3 mililion insurance premiums each year for life insurance on key c. Amdt sells one-year subscriptions to a weekly journal. Subscription sales collected purchased in 2016 for $60 miltion. The cost is tax deductible in 2016. and taxable in 2016 and 2017 were $29 miltion and $48 miltion, respectively. Subscriptions included in 2016 and 2017 financial reporting revenues were $31 mittion $13 million collected in 2015 but not earned unti 2016) and $39 million, respectivey Hint: View this as two temporary differences-one reversing in 2016; one originating in 2016. d. 2016 expenses included a $24 million unrealized loss from reducing investments (classified as trading securities) to fair value. The investments were soid in 2017 e. During 2015. accounting income included an estimated ioss of $5 million from having accrued a loss contingency. The loss was paid in 2016 at which time t is tax deductible t. At January 1. 2016. Arndt had a defered tax asset of s8 million and no deferred tax t taoility 3. Compute the deferred tax amounts that shoud be reported on the 2017 balance sheet (Enter your answers in millions ft.e.. 10.000.000 should be entered as 10)-) Deferred tax amounts (S in millions) Classification Current assera Long.term Hsa Current abltes