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saac Inc. began operations in January 2018. For certain of ts property sales, Isac recognizes income in the period of sale for financial reporting purposes.

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saac Inc. began operations in January 2018. For certain of ts property sales, Isac recognizes income in the period of sale for financial reporting purposes. However for income tax purposes, Isoac recognizes income when it collects cash from the buyer's installment payments. In 2018, saac had $688 million in sales of this type. Scheduled collections for these sales are as 2018 2019 2020 2021 2022 $ 75 million 131 million 149 mil1ion 165 million 168 million $688 million Assume that Isaac has a 29% 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 2019, what deferred tax liability would Isaac report in its yeerend 2019 balance sheet? (Round your answer to the nearest whole mition.) 2018 2020 2022 financial statement and tax purposes. report in its year-end 2019 balance sheet? (Round your answer to the nearest whole million) saac Inc. began operations in January 2018. For certain of Its 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 buyers In 2018, Isaac had $600 million in sales of this type. Scheduled collections for these sales are as follows: $60 million 120 million 120 mil1ion 150 million 150 mil1ion $600 mi1lion 2020 2021 2022 Assume that Isaac has a 30% income t financial statement and tax purposes. tax rate and balance sheet? (Round your answer to the nearest whole million.) 5 201860 million 120 mi1lion 150 mil1ion 2019 2020 021 2022 $600 mil1ion financial statement and tax purposes gnoring operating expenses, what deferred tax lability would Isaac report in its year-end 2018 balance sheet? (Round your answer to the nearest whote million.) $180 million $540 milion $162 million

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