Corring$-$Howell reported lasable income in $2024$ of $$20$ million. At December $3$t$.2024,$ the reported amount of some assets and labolities in the financial stabements diflered from ther tas bases as indealed below:

$\backslash$table$[[$Snurts$,$Carryduy messe,The Resils$],[$current$],[$Not accosurts twitivable,$8.70$ oblylise,$52\mathrm{.}2$ allase$],[$Propold inswerse,$20-$ milzlos,$*],[$Prepail alwertising,$**$Al$,*],[$tuncurreat$,,],[$Statilities$,$sue mistine,Btte eclase$],[$Currant$,,],[,,],[$sent tare,$34$ mallism,$0],[,54-5011-,7]]$

"Garr and lonses livelop when presterests are sold. The enacsed lise rate in $25\%$ each year.

Despired

$3.$ Determine the income las plyable currently for the year ended Decreaser $3$n$,2004$

$4.$ Prepare the journal ently to theord welle lases for $2024$

tequired $3$

$\backslash$table$[[],[$Clessificietis$,$Hewer$],[$Delened lise linely,,$],[$Deferedifum the,$]]$