Isaac Inc. began operations in January 2018. For certain of its property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, haec recognizes income when it collects cash from the buyer's installment payments. In 2018, Isaac had $675 million in sales of this type. Scheduled collections for these sales are as follows ( 8 ORE 2018 2019 2020 2021 2022 $ 76 million 132 Illion 132 million 166 million 169 lion $675 million Assume that and has a 28% income tax rate and that there were no other differences in income for financial statement and sax purposes Suppose that in 2019, legislation revised the income tax rates so that isaac would be taxed in 2020 and beyond a 389 Ster than 28%. Assume 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 sooc report in its year end 2019 balance sheet? (Round your answer to the nearest whole million) Mumple Choice O S131 million 0 () $152 mahon 0 O $178 milion 0 $257 milion 0 Isaac Inc. began operations in January 2018 Focoran of his property sales,haec recognces buyer's installment payments the period of sale for financial reporting purposes. However, for income purpose an g incomes tolecistech from the In 2018. beschad675 million type Scheduled collections to the 5 76 million 2018 2019 2eze 112 Billion $679 illion Assume that has 28% income tax rate and that there were no other differences in income t o me Suppose that in 2009. leg h ecome axes so that would be operating expens and additionale in 2013, what defined by wo din 2030 and beyond r 2 d then 220 Assume that were no oferecesinin n d you to the nearest whole 1 O sro 0 0 $178mon 0 $257 meton Isaac Inc. began operations in January 2018. For certain of its property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, haec recognizes income when it collects cash from the buyer's installment payments. In 2018, Isaac had $675 million in sales of this type. Scheduled collections for these sales are as follows ( 8 ORE 2018 2019 2020 2021 2022 $ 76 million 132 Illion 132 million 166 million 169 lion $675 million Assume that and has a 28% income tax rate and that there were no other differences in income for financial statement and sax purposes Suppose that in 2019, legislation revised the income tax rates so that isaac would be taxed in 2020 and beyond a 389 Ster than 28%. Assume 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 sooc report in its year end 2019 balance sheet? (Round your answer to the nearest whole million) Mumple Choice O S131 million 0 () $152 mahon 0 O $178 milion 0 $257 milion 0 Isaac Inc. began operations in January 2018 Focoran of his property sales,haec recognces buyer's installment payments the period of sale for financial reporting purposes. However, for income purpose an g incomes tolecistech from the In 2018. beschad675 million type Scheduled collections to the 5 76 million 2018 2019 2eze 112 Billion $679 illion Assume that has 28% income tax rate and that there were no other differences in income t o me Suppose that in 2009. leg h ecome axes so that would be operating expens and additionale in 2013, what defined by wo din 2030 and beyond r 2 d then 220 Assume that were no oferecesinin n d you to the nearest whole 1 O sro 0 0 $178mon 0 $257 meton