The Amarillo Corporation reported the following accounting income before income taxes, income taxes expense, and net income for 20x2 and 20x3: L01

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Income before income taxes Income taxes expense 20x2 20x3 $280,000 $280,000 88,300 $191,700 88,300 $191,700 Net income On the balance sheet, deferred income taxes liability increased by $38,400 in 20x2 and decreased by $18,800 in 20x3 1. How much did Amarillo Corporation actually pay in income taxes for 20x2 and 20x3? 2. Prepare entries in journal form to record income taxes expense for 20x2 and 20x3.