CORPORATE INCOME TAX Stanton Company estimates that its $20-1$ income taX will be $$80,000.$ Based on this estimate, it will make four quarterly payments of $$20,000$ each on April $15,$ June $15,$ September $15,$ and December $15.$

Prepare the journal entry for April $15.$

Assume that all four quarterly payments have been entered in the general journal. On December $31,$ Stanton's actual income tax amounts to $$86,000.$ This amount will be paid by March $15,20-2.$ Prepare the journal entry to record the additional income tax owed.