Isaac Incorporated began operations In January 2024. For some property sales, Isaac recognizes Income In the perlod of sale for financlal reporting purposes. However, for Income tax purposes, Isaac recognizes Income when It collects cash from the buyer's Installment payments. In 2024, Isaac had $675 million In sales of this type. Scheduled collections for these sales are as follows: Assume that Isaac has a 25% Income tax rate and that there were no other differences in Income for financlal statement and tax purposes. Ignoring operating expenses, what deferred tax Ilability would Isaac report In Its year-end 2024 balance sheet? Note: Round your answer to the nearest whole million. Multiple Choice $150 million $32 million $554 million $120 million