TPW, a calendar year taxpayer, sold land with a $535,000 tax basis for $750,000 in February. The purchaser paid $75,000 cash at closing and gave TPW an interest-bearing note for the $675,000 remaining price. In August, TPW recelved a $55,950 payment from the purchaser consisting of a $33,750 princlpal payment and a $22,200 interest payment. In the first year after the year of sale, TPW recelved payments totaling $106,900 from the purchaser. The total consisted of $67,500 principal payments and $39,400 interest payments. Required: a. For the first year after the year of sale, compute the difference between TPW's book and tax income resulting from the installment sale method. b. Is this difference favorable or unfavorable? c. Using a 21 percent tax rate, determine the effect of the difference on the deferred tax asset or llability generated in the year of sale. Answer is not complete. Complete this question by entering your answers in the tabs below. For the first year after the year of sale, compute the difference between TPW's book and tax income resulting from the instaliment sale method. Note: Rlound pross profit percentage to 2 decimal places and final answer to the nearest whole dollar amount