On January $1,2021,$ Milo Manufacturing purchased equipment costing $$1,000,000.$ The equipment has a $10$ year useful life and no residual value. Milo uses straight line depreciation for financial statement reporting and is able to deduct $100\%$ of the cost of the equipment in the year the equipment is purchased for tax purposes.

Pretax accounting income in $2021$ was $$9,500,000.$ Pretax accounting income in $2022$ was $$9,900,000.$ The tax rate is $25\%.$

$1.$Prepare the journal entry to record income taxes for $2021.$

$2.$Prepare the journal entry to record income taxes for $2022.$