Deferred Tax Question For the tax year 2019, SmithCo.s federal income tax return shows income taxes of $36,000. Before any valuation allowances, SmithCo.s deferred tax assets account is $24,600 at the beginning of 2019 and $27,200 at the end of 2019. SmithCo. reports deferred tax liabilities of $18,900 at the beginning of 2019 and $16,300 at the end of 2019.

Income Tax Expense=Income Taxes on taxable income +- Increase(decrease) in deferred tax liabilities +- Increase (Decrease) in deferred tax assets.

1. If SmithCo.s valuation allowance on the deferred tax assets totaled $6,400 at the beginning of 2019 and $7,200 at the end of 2019, what was SmithCos income tax expense for 2019.

2. If SmithCo.s valuation allowance on the deferred tax assets totaled $6,400 at the beginning of 2019 and $4,800 at the end of 2019, what was SmithCo.s income tax expense for 2019.