(Solution) - The Danner Corporation reported the following accounting income -(2025 Original AI-Free Solution)

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The Danner Corporation reported the following accounting income before income taxes, income taxes expense, and net income for 2011 and 2012:

On the balance sheet, differed income 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 expenses for 2011 and2012?