Isaac Incorporated began operations in January 2024. 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 2024, Isaac had $688 million in sales of this type. Scheduled collections for these sales are as follows: $ 75 million 131 million 149 million 165 million 168 million $ 688 million 2024 2025 2026 2027 2028 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 2025, what deferred tax liability would Isaac report in its year-end 2025 balance sheet? Note: Round your answer to the nearest whole million.

Isaac Incorporated began operations in January 2024. 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 2024, Isaac had $688 million in sales of this type. Scheduled collections for these sales are as follows: Assume that Isaac has a 25% income tax fate and that there were no other differences in income for financial statement and tax purposes. Ignoring operating expenses and additional sales in 2025, what deferred tax liability would isaac report in its year-end 2025 balance sheet? Note: Round your answer to the nearest whole million