Fellsmere Company's Income Tax Return Shows Income Taxes for 2010

Fellsmere Company's income tax return shows income taxes for 2010 of $35,000.The firm reports deferred tax assets before any valuation allowance of $32,600 at the beginning of 2010 and $35,200 at the end of 2010.It reports deferred tax liabilities of $26,900 at the beginning of 2010 and $24,300 at the end of 2010.
Required:
a.Assume for this part that the valuation allowance on the deferred tax assets totaled
$14,400 at the beginning of 2010 and $15,100 at the end of 2010.Compute the amount
of income tax expense for 2010.
b.Assume for this part that the valuation allowance on the deferred tax assets totaled
$14,400 at the beginning of 2010 and $12,700 at the end of 2010.Compute the amount
of income tax expense for 2010.