Looking for help with calculating Installment Sales Adjustment. If you could please show calculations on how to arrive at answer. Thank you.

There are two differences.

#1	Year 1	Year 2	Year 3	Year 4
FS: Sales revenue	$75,000	$0	$0	$0
IRS: Installment sales income	$0	($25,000)	($25,000)	($25,000)
Installment sales difference	($75,000)	$25,000	$25,000	$25,000

#2	Year 1	Year 2	Year 3
FS: Rent revenue	$0	($15,000)	($15,000)
IRS: Rent income on tax return	($30,000)	$0	$0
Rent Revenue difference	$30,000	($15,000)	($15,000)

Items	Year 1
FS Pre-Tax Income	$300,000
Installment Sales Adjustment =
Rent Revenue Adjustment =
IRS Taxable Income

The statutory tax rate = 20%

IRS Tax bill for Year 1 =