could use help with this problem. Thanks.

On January 1, 2021, Ameen Company purchased major pieces of manufacturing equipment for a total of $126 million. Ameen uses straight-line depreciation for financial statement reporting and deducted 100% of the equipment's cost for income tax reporting in 2021. At December 31, 2023, the book value of the equipment was $105 million. At December 31,2024 , the book value of the equipment was $98 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2024 was $178 million. Required: 1. Prepare the appropriate journal entry to record Ameen's 2024 income taxes. Assume an income tax rate of 20%. 2. What is Ameen's 2024 net income