X Inc. owns 80% of Y Inc. During 2021, X Inc. sold inventory to Y for a gross profit $10,000. At the end of 2021, 60% of this inventory remained in the warehouses of Y. As well, in 2021, Y Inc. sold inventory to X Inc. for a gross profit of $5,000. At the end of 2021, 25% of the inventory remained in the warehouses of X. Further, in 2021, Y Inc. sold land to X Inc, at a gross profit of $12,000. This land was not sold to outsiders by the end of 2021.

1. Assuming a tax rate of 25% what would be the amount of Deferred Tax that would appear on the consolidated balance sheet at the end of 2021?

2. Assuming a tax rate of 40%, what is the consolidated realized profit for the transactions above, for 2021?