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Isaac Inc. began operations in January 2016. For certain of its property sales. Isaac recognizes Income In the period of sale for financial reporting purposes

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Isaac Inc. began operations in January 2016. For certain of its property sales. Isaac recognizes Income In the period of sale for financial reporting purposes However, for income tax purposes. Isaac recognizes income when it collects cash from the buyer's installment payments. In 2016, Isaac had $600 million in sales of this type. Scheduled collections for these sales are as follows. Assume that Isaac has a 30% 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 2017. what deferred tax liability would Isaac report in its year -end 2017 balance sheet

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