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please help i have an exam on this tomorrow. can someone explain the circled area. like how were the values computed under the trial balance.

given info:

Debit Credit Cash 108,000,000 Common Stock Paid in Capital Excess of Par Value Preferred Stock Retained Earnings PIC Share Repurchase 10,000,000 90,000,000 4,000,000 2,000,000 2,000,000 Land 100,000 Cash 100,000 Cash 2,000,000 Fees Earned 2,000,000 Research & Experimentation Expense 1,000,000 Cash 1,000,000 Installment Note Receivable 120,000 Gain on Sale of Land Land 20,000 100,000 (sold the land for $120,000) Accounts Receivable Fees Earned 2,000,000 2,000,000 Research & Experimentation Expense 1,000,000 1,000,000 114,220,000 114,220,000 Accounts Payable

help on green circled area:

AL 1,000,000 Accounts Payable Deferred Tax Liability income Taxes Payable 1,000,000 214,200 210,000 214,200 210,000 Common Stock Paid in Capital in Excess of Par Preferred Stock Paid in Capital in Excess of Par PIC Share Repurchase 10,000,000 90,000,000 4,000,000 10,000,000 90,000,000 4,000,000 $2,000,000.00 2,000,000 R/E Fees Earned Research and Experimentation Expense Organization Expense Salaries Expense Rent Expense Depreciation Expense Interest Expense Provision for Fedearl Income Tax Gain (loss) on sale of land 2,000,000 4,000,000 0 2,000,000 4,000,000 2,000,000 2,000,000 0 424,200 424,200 20,000 20,000 113,020,000 113,020,000 424,200 424,200 113,444,200 113,444,200 For the Year Ended December 31, 2016 Books 4,000,000 Tax 2,000,000 ヤ 2,000,000 2,000,000 20,000 2,020,000 21% 424,200 1,000,000 Diffference Gain on sale 1,000,000 1,000,000 21% Tax Rate income Tax 210,000 Prepare the Adjusting Journal Entry income Tax Expense 424,200 US Federal income Tax Expense Income Taxes Payable Deferred tax liability 210,000 214,200

where did 2 million revenue and 1 million expense come from under the tax column?

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Answer #1
Trial Balance
Account Title Debit Credit
Cash $ 10,89,00,000.00
Accounts Receivable $       20,00,000.00
Installment Note Receivable $          1,20,000.00
Accounts Payable $         10,00,000.00
Common Stock $     1,00,00,000.00
Paid in excess of par $     9,00,00,000.00
Preferred stock $         40,00,000.00
Retained Earnings $         20,00,000.00
PIC share repurchase $         20,00,000.00
Fees Earned $         40,00,000.00
Research & Experimental Expense $       20,00,000.00
Gain on sale of land $               20,000.00
Total $ 11,30,20,000.00 $   11,30,20,000.00
Income Statement
Fees Earned $       40,00,000.00
Gain on sale of land $             20,000.00
Total Revenue $         40,20,000.00
Expenses
Research & Experimental Expense $         20,00,000.00
Net Income $         20,20,000.00
Tax @21% $           4,24,200.00
Net Income after tax $         15,95,800.00
Corporation tax Rate as per federal tax law =21%
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