I need the second part of the answer. 220,000 is not correct.

Mill Company began operations on January 1,201, and recognized income from construction-type contracts under different methods for tax purposes and financial reporting purposes. Information concerning income recognition under each method is as follows: Required: Assume the income tax rate is 21% in all years and that Mill has no other temporary differences. In its December 31,203, balance sheet, what amount of deferred income taxes should Mill report? Indicate whether the amount is an asset or a liability