$2.$ Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. Using the schedule, prepare the necessary journal entry to record income taxes for $2024.$

Req $1$: Prepare a schedule that reconciles the difference between pretax accounting income and taxable income.

Req $2$: Prepare the necessary journal entry to record income taxes for $2024.$

$3.$ Compute the deferred tax amounts that should be reported on the $2024$ balance sheet.

$4.$ Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. Using the schedule, prepare the necessary journal entry to record income taxes for $2025.$

Req $1$: Prepare a schedule that reconciles the difference between pretax accounting income and taxable income.

Req $2$: Prepare the necessary journal entry to record income taxes for $2025.$

$5.$ Compute the deferred tax amounts that should be reported on the $2025$ balance sheet.

$6.$ Suppose that during $2025,$ tax legislation was passed that will lower Arndt$$s effective tax rate to $15\%$ beginning in $2026.$ Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. Using the schedule, prepare the necessary journal entry to record income taxes for $2025.$

Req $1$: Suppose that during $2025,$ tax legislation was passed that will lower Arndt$$s effective tax rate to $15\%$ beginning in $2026.$ Prepare a schedule that reconciles the difference between pretax accounting income and taxable income.

Req $2$: Prepare the necessary journal entry to record income taxes for $2025.$