value 0.00 points Allmond Corporation, organized on January 3, 2016, had pretax accounting income of $28 million and taxable income of $35 million for the year ended December 31, 2016 . The 2016 tax rate is 40%. The only difference between accounting income and taxable income is estimated product warranty costs. Expected payments and scheduled tax rates (based on recent tax legislation) are as follows 2017 $ 2 million 30% 2018 1 million 30% 2019 2million 30% 2020 2million 25% Required 1. Determine the amounts necessary to record Allmond's income taxes for 2016 and prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter all amounts as positive values. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions Tax Rate % ax Recorded as Pretax accounting income Warranty costs reversing in 28.0 2017 2018 2019 2020 Total deferred tax amount Income taxable in current yean