Income Tax Allocation E 7. The Danner Corporation reported the following accounting income before income taxes, income taxes expense, and net income for 2011 and 2012: 2011 2012 Income before income taxes $280,000 $280,000 Income taxes expense 88 300 $8,300 Net income $191 700 $191,700 On the balance sheet, deferred income taxes liability increased by $38,400 in 2011 and decreased by $18,800 in 2012. 1. How much did Danner actually pay in income taxes for 2011 and 2012 2. Prepare entries in journal form to record income taxes expense for 2011 and 2012