E9-21 (Algo) Computing Deferred Income Tax (Supplement B) LO 9-6 The following information pertains to the Lewis Corporation. Income taxes payable Increase in deferred tax liability Year 1 $380,000 48,000 Year 2 $310,000 42,000 Required: 1. For each year, compute income tax expense (assume that no taxes have been paid). Year 1 Year 2 Income tax expense