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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

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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: b. No temporary differences existed at the beginning of 2024 c. Pretax accounting income was $218 million and taxable income was $145 million for the year ended December 31,2024 . The tax rate is 25% Required: 1. Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2024. 2. What is the 2024 net income? Complete this question by entering your answers in the tabs below. Complete the following table given below to record income taxes for 2024 1. Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2024. 2. What is the 2024 net income? Complete this question by entering your answers in the tabs below. 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 5.50). Amounts to be deducted should be entered with a minus sign

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