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isaac Inc began operations in January 2021 For some property sales, is recognizes income in the period of sale for financial reporting purposes. However for
isaac Inc began operations in January 2021 For some property sales, is recognizes income in the period of sale for financial reporting purposes. However for income tax purposes. I recognizes income when colects cash Tome buyers instaliment payments in 2021, Isaac had 5621 million in sales of this type Scheduled collections for these sales are as follows: 2001 2004 2025 llion 131 dllion 131 ellion 152 million 156 son 5621 illion Assume that has a 2 income tax rate and there were no other arences in income for finance statement and tax purposes ignoring operating expenses, what deferred tax obuty would Isaac report in ts year-end 2021 balance sheet? (Round your answer to the nearest whole million) 90
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