Question: Required 1Required 2 Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. (Amounts to be deducted should be indicated with



Required 1Required 2 Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Current Year 2018 Amounts 12019] Amounts [2019 Future Deductible Future Taxable ($ in millions) Pretax accounting income Permanent difference Life insurance premiumS Temporary differences Casualty insurance expense Subscriptions-2017 Subscriptions-2018 Unrealized loss Loss contingency Taxable income Enacted tax rate (%) Tax payable currently Deferred tax liability Deferred tax asset Deferred tax liabilityDeferred tax asset Ending balances (balances currently needed) Less: Beginning balances Changes needed to achieve desired balances Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 prepare the necessary journal entry to record income taxes for 2018. (If no entry is required for a transaction/event, select No journal entry required" in the first account field.) No Event General Journal Debit Credit ncome tax expense Deferred tax asset Income tax payable Required 1 Required 2
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