Matrix Corporation estimated at the beginning of 20- that its income tax for the year would be $140,000. 1. Calculate the estimated income tax payment per quarter and show one of the quarterly entries to pay the taxes. If an amount box does not require an entry, leave it blank. Page 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Apr 15 2 2. As of December 31, 20- Matrix Corporation had an actual tax liability of $143,200. Calculate the income tax due and make the necessary adjusting entry. If an amount box does not require an entry, leave it blank Page: 1 POST DATE DESCRIPTION DEBIT CREDIT REF. 1 Dec. 31 1 2 2