Mansfield Corporation purchased a new piece of equipment at the beginning of Year 1 for $1,050,000. The expected life of the asset is 20 years with no residual value. The company uses straight-line depreciation for financial reporting purposes and accelerated depreciation for tax purposes (the accelerated method results in $105,000 of depreciation each year). The company's federal income tax rate is 21%. The company determined its income tax obligations for Year 1 and Year 2 were $412,000 and $641,000, respectively.

What is the deferred tax income amount for each year, and what is the income tax for each year?

(Each time I try calculating the deferred amount I get 20947.5 for the first year and 41895 for the second but its telling me I am wrong. I need the right numbers for the second part so I haven't even attempted it yet. Please help and explain!!)