Required: 3. Provide the journal entry to record income tax expense for 2012. 1). Assume the \"effective\" (i.e., average) tax rate for Eldor in 2012 was 32%, and that the permanent differences for that year were $25.0 (in millions of dollars) -- due to tax exempt interest received. What was Eldor's net income for 2012? c. The account faxes payable decreased by $50.0 (in millions of dollars) during 2012. What were Eldor's tax payments for the year