$10.$ SenseEight inc began operations in January $2021.$ For some property sales, Sense Eight recognizes income in the period of the sale for financial reporting purposes. However, for income tax purposes, SenseEight recognizes income when it collects cash from the buyer's installment payments.

In $2021,$ SenseEight had $697$ million in sales of this type. Scheduled collections for these sales are as follows:

$2021$: $69$ million

$2022$: $149$ million

$2023$: $148$ million

$2024$: $164$ million

$2025$: $167$ million

Total: $697$ million.

Assume that Sense Eight has a $25\%$ income tax rate and that there were no other temp or permanent differences in income for financial and tax purposes.

Ignoring operating expenses, what DTL would Sense Eight report in its year end $2021$ balance sheet?

a$.550$ million

b$.157$ million

c$.28$ million

d$.118$ million

$11.$ Which of the following would never require reporting DTAs or DTLs$?$

a$.$ Subscription received in advance

b$.$ An unrealized gain from recording investments at fair value

c$.$ Depreciation on equipment

d$.$ Interest from investments in municipal government bonds