Case Development began operations in December $2024.$ When property is sold on an installment basis, Case recognizes installment income for financial reporting purposes in the year of the sale. For tax purposes, installment income is reported by the installment method. $2024$ installment income was $$600,000$ and will be collected over the next three years. Scheduled collections and enacted tax rates for $2025-2027$ are as follows:

$\backslash$table$[[2025,$$$140,000,20\%$