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Lewes Company appropriately uses the installment sales method for tax purposes and the accrual method...

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Accounting

Lewes Company appropriately uses the installment sales method for tax purposes and the accrual method for revenue recognition for accounting purposes. Pertinent data at December 31, Year 6, the close of the first year of operations, are as follows:
Revenue Recognized Revenue Recognized
Customer for Accounting Purposes for Tax Purposes
Brigg's Builders $200,000 $100,000
Top Down Plumbing 500,000350,000
Sheen Plus Windows 600,000350,000
Lewes's tax rate is 30%. What amount should be included in the deferred tax account at December 31, Year 6 for these installment sales?

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