X Inc. owns 80% of Y Inc. During 2021, X Inc. sold inventory to Y. The cost of this inventory was $7,000. The profit markup was 30%. At the end of 2021, 65% of this inventory remained in the warehouses of Y. As well, in 2021, Y Inc. sold inventory to X Inc. the cost of the inventory was $4,000. The profit mark up was 40%. 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.

Question:

1) Assuming a tax rate of 20%, what is the consolidated un-realized profit for the transactions above, for 2021?

2) Assuming a tax rate of 30% what would be the amount of Deferred Tax that would appear on the consolidated balance sheet at the end of 2021?

3) Assuming a tax rate of 30%, what is the consolidated realized profit for the transactions above, for 2021?

4) 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?