Smith Co. 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, Smith recognizes income when it collects cash from the buyer's installment payments. In 2018, Smith had $697 million in sales of this type. Scheduled collections for these sales are as follows: 2018$69million 2019 149million 2020 148million 2021 164million 2022 167million $697million Assume that Smith has a 35% income tax rate and that there were no other differences in income for financial statement and tax purposes. Ignoring operating expenses, what deferred tax liability would Smith report in its year-end 2018 balance sheet