Isaac Inc. began operations in January 2021. For some 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 2021, Isaac had $698 million in sales of this type. Scheduled collections for these sales are as follows:

2021	$	87	million
2022		141	million
2023		142	million
2024		177	million
2025		151	million
	$	698	million

Assume that Isaac has a 25% 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 2022, what deferred tax liability would Isaac report in its year-end 2022 balance sheet? (Round your answer to the nearest whole million.)

		$118 million.
		$127 million.
		$59 million.
		$104 million.