Nalad Corp. provided the following data related to accounting and taxable income: Pre-tax accounting income (financial statements) Taxable income (tax return) 20x8 $510,000 295,000 2009 $495,000 710,000 40% 40% Income tax rate There are no existing temporary differences other than those reflected in these data. There are no permanent differences Required: 1-a. How much tax expense would be reported in each year if the taxes payable method was used? Tax Expense 20X8 20X9 S O C