Case Development began operations in December 2012. When property is sold on an installment basis, Case recognizes installment income for financial reporting purposes in the year of the sale. For tax purposes, installment income is reported by the installment method. 2012 installment income was $600,000 and will be collected over the next three years. Scheduled collections and enacted tax rates for 2013-2015 are as follows 2013 $150.000 15% 2014 250,000 20% 2015 200,000 20% Case also had product warranty costs of $80,000 expensed for financial reporting purposes in 2012. For tax purposes, only the $20,000 of warranty costs actually paid in 2012 was deducted. The remaining $60,000 will be deducted for tax purposes when paid over the next three years as follows $20,000 25,000 15,000 2013 2014 2015 Pretax accounting income for 2012 was S810,000, which includes interest revenue of $10.000 from municipal bonds. The enacted tax rate for 2012 is 15% Required: ssuming no differences between accounting income and taxable income other than those described above, prepare the appropriate journal entry to record Case's 2012 income taxes. (Enter your answers in millions.) Credit General Joumal Income tax expense Deferred tax asset Deferred tax liablity Income tax payable 2, what is Case's 2012 net income novo