13. Swift Co. is subject to a 30% tax rate. Swift had an increase in Income Taxes Payable of $100 million, an increase in Deferred Tax Assets of $10 million, and an increase in Deferred Tax Liabilities of $20 million. Accordingly, Swift's Income Tax Expense was (show Journal Entries): 14. Twain is subject to a 40% tax rate. Twain Inc. had $500 million in taxable income in the current year. Twain recognized Income Tax Expense of $90 million, with its Deferred Tax Liabilities increasing by $40 million. The change in Deferred Tax Assets was: