Cubs Inc. began operations in January 2018. For certain of its property sales, Cubs recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, Cubs recognizes income when it collects cash from the buyer's installment payments. In 2018, Cubs had $600 million in sales of this type. Scheduled collections for these sales are as follows:

2018	$	60	million
2019		120	million
2020		120	million
2021		150	million
2022		150	million
	$	600	million

Assume that Cubs has a 40% income tax rate and that there were no other differences in income for financial statement and tax purposes. Ignoring operating expenses and additional sales in 2019, what deferred tax liability would Cubs report in its year-end 2019 balance sheet?

128 million

$140 million

$168 million

$180 million