I just need b. Thank you!

Global, Inc. Components of Income Tax Expense (in millions) 2012 2011 $ 35.60 $ 29.80 Current - Federal - Foreign - State and Local 53.86 65.85 17.15 15.28 $110.93 Total Current $106.61 Deferred - Federal $ 10.56 $ 8.54 6.57 Foreign Total Deferred Total Income Tax Expense 3.28 $ 13.84 $ 15.11 $120.45 $126.04 2012 2011 $155.45 $150.29 Components of Income before Taxes United States Foreign Total 142.85 134.50 $298.30 $284.79 a. Using the information provided for Global, prepare the company's journal entry to record income taxes for 2012 and 2011. Round your answers to two decimal places. If an amount box does not require an entry, leave it blank. 2012 Income Tax Expense 126.04 Income Tax Payable 110.93 Deferred Tax Asset/Liabil 15.11 2011 Income Tax Expense 120.45 Income Tax Payable 106.61 Deferred Tax Asset/Liabil 13.84 b. Using the information provided for Global, determine the company's effective tax rate for 2012 and 2011. Round your answers to two decimal places. 2012 2011 Effective tax rate 96 96