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To find the slope and y-intercept, we need to rewrite the equation in slope-intercept form, which is y = mx + b.
First, let's isolate the y-term by adding 24x to both sides:
-24x + 2y = 46
2y = 24x + 46
Next, divide both sides of the equation by 2 to solve for y:
y = 12x + 23
Now we can see that the slope of the line is 12 and the y-intercept is 23.
Therefore, the slope is 12 and the y-intercept is 23.