3. 130 points) a) For each of the items presented, indicate whether it would be a temporary difference or permanent difference for accounting purposes. 1. Sales accounted for on the accrual basis for accounting purposes and on the installment basis for tax purposes. 2. Litigation accruals. 3. Interest received on state and municipal obligations. 4. Bad debt expense using the allowance method for accounting purposes and direct write off for tax purposes. -5 . Deduction (approx, 70%) for dividends received from domestic - corporations. 6. Use of an accelerated depreciation method for tax purposes and straight line for financial reporting purposes