provide an example using numerical data to show how the temporary difference impacts both book income and taxable income. In addition, discuss the problem$($s$)$ this temporary difference may cause the company in the following scenerio for a chemical distribution plant.

Installment Sales:

Sales are generally recognized for book purposes when the goods are delivered to the customer regardless of when collections are made. if collections are made over an extended period, tax law calls for the sales revenue to be recognized as payments are received.