The information that follows pertains to Richards Refrigeration, Incorporated:

a$.$ At December $31,2024,$ temporary differences existed between the financial statement book values and the tax bases of the following:

$\backslash$table$[[,,($$ in millions$)],[,,,$Future Taxable$],[($Deductible$),,,],[$Amount$,,,]]$

b$.$ No temporary differences existed at the beginning of $2024.$

c$.$ Pretax accounting income was $$202$ million and taxable income was $$145$ million for the year ended December $31,2024.$ The tax rate is $25\%.$

Required:

Complete the following table given below and prepare the appropriate journal entry to record income taxes for $2024.$

What is the $2024$ net income?

Complete this question by entering your answers in the tabs below.

Required $1$

General

Journal

Required $2$

Complete the following table given below to record income taxes for $2024.$

Note: Enter your answers in millions rounded to $2$ decimal places $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}50).$ Amounts to be deducted should be entered with a minus sign.