The information that follows pertains to Richards Refrigeration, Inc: a. At December 31, 2021, temporary differences existed between the financial statement book values and the tax bases of the following: Book Value 9150 Buildings and equipment (net of accumulated depreciation Prepaid insurance Liability-Lose contingency 15 In ons Patare Tatable TAR Deductie Amount $109 6.49 0 69 0 b. No temporary differences existed at the beginning of 2021 C. Protax accounting income was $219 million and taxable income was $145 million for the year ended December 31, 2021. The tox rate is 25% Required: 1. Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2021 2. What is the 2021 net income? Complete this question by entering your answers in the tabs below. Required 1 Calculation Required 16) Required 2 Complete the following table given below to record income taxes for 2021. (Enter your answers in million rounded to 2 decimal places (I e., 5,500,000 should be entered as 5.50). Negative amounts should be entered with a minus sign.) Tax Rate TANS Recorded as in miliona) $ 219.00 Protax accounting income Permanent differences X Income subject to taxation Temporary Differences Depreciation Prepaid insurance Liability - loss contingency Income taxable in current year X - x Calculation Required 1 GJ > b. No temporary differences existed at the beginning of 2021. c. Pretax accounting income was $219 milion and taxable income was $145 million for the year ended December 31, 2021. The tax rate is 25% Required: 1. Complete the following table given below and prepare the appropriate Journal entry to record income taxes for 2021 2. What is the 2021 net income? Complete this question by entering your answers in the tabs below. Required 1 Required 1 Required 2 Calculation Prepare the appropriate journal entry to record income taxes for 2021. (If no entry is required for a transaction/event, select "No journal entry required in the first account hield. Enter your answers in millions rounded to 2 decimal places 1.6, 5,500,000 should be entered as 5.50) Viuw transaction fist Journal entry worksheet