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Exercise 16-11 (Algo) Determine taxable income (LO16-2, 16-3] Eight independent situations are described below. Each involves future deductible amounts and/or future taxable amounts: ($ in millions) Temporary Differences Reported First on: The Income Statement The Tax Return Revenue Expense Revenue Expens $28 $28 $28 $28 inim tnonoo Required: For each situation, determine taxable income, assuming pretax accounting income is $180 million. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Situations Taxable income