Question: began operations in January 2 0 2 4 For some property sales, recognizes income in the period of sale for financial reporting purposesHowever, for income

began operations in January 2024For some property sales, recognizes income in the period of sale for financial reporting purposesHowever, for income tax purposesrecognizes income when it collects cash from the buyer's installment payments 2024had $653 in sales of this typeScheduled collections for these sales are as follows 2024 million 2025128202612620272028156 million 173 million 653 million Assume has 25% income tax rate and that there were no other differences in income for financial statement and tax purposes operating expenses, what deferred tax would report in its year-end 2024 balance sheet? NoteRound your answer to the nearest whole million Choice Prev4 of 21

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