You received partial credit in the previous attempt.

Problem $16-9($Algo$)$ Determine deferred tax assets and liabilities from book$-$tax differences; financial statement effects $[$LO$16-2,16-3]$

Corning$-$Howell reported taxable income in $2024$ of $$160$ million. At December $31,2024,$ the reported amount of some assets and liabilities in the financial statements differed from their tax bases as indicated below.

$\backslash$table$[[,$Carrying Anount,Tax Basis$],[$Assets$],[$Current$],[,$ Wet accounts receivable,$$48$ million,$ $52$ million$],[$Prepaid insurance,$69$ million,$$