The answers are in the RED but I am just not sure how to get to those answers!

Sherrod purchased an asset in 2020 at a cost of $80 million. Depreciation expense for financial and tax purposes is reported in the schedule below. Tax rates in 2020 are 20%. In 2021 the tax law changed the tax rate to 25% for 2021 and all future years. Assuming there are no other differences between financial and taxable income, and Income Taxes Payable in 2020 and 2021 is $100,000, complete the income tax entries for 2020 and 2021 in the journal below