120 million 120 illi Assume that has a 2 come and that there were no other terences income for financ e ment and tax purposes ignoring operating expenses, who deferred to wod p ornyewend 2021 balance sheet Me Choc 0 0 505 0 soda FLASH SAL UPGRADE TO THE LATE VERSION OF SODA PDA 0 $50 UPGRADE NOW Isaac Inc. began operations in January 2021 For some property sales, se from the buyers installment payments recogntres income in the period of sale for financial reporting purposes. However, for income tax purposes, recognizes income when it collects cash in 2021. s chad 5685 mm in sales of this type. Scheduled collections for these sales are as follows: $ 78 million 134 million 1024 168 sillion 56 million Assume that eachas a 25% income taxe and t here were no other rerences in income for financial statement and tax purposes ignoring operating expenses, what deferred tax a t would report in its yow end 2021 balance sheet Round your answer to the nearest whole m on) Murple Choice O 02 milion O 56 O 0 558 soda FLASH UPGRADE TOT VERSION OF O Version UPGRADE SBY 19 of 40 Next >