A corporation prepares its financial statements. They use the accrual-method for both book and tax purposes. The company provided the following information relating to its 2021 year-end:

Book-Tax Differences	Book Amount	Permanent/ Temporary	Favorable/ Unfavorable
Life insurance proceeds due to CEO’s death	$500,000
Revenue from sales (for both book and tax)	3,000,000
Premiums paid on key-person life insurance	28,000
*Charitable contributions (Tax deduction is limited to 10% of taxable income before the charitable deduction).	750,000
Cost of goods sold (for both book and tax)	1,500,000
Interest income earned on tax-exempt bonds	80,000
Interest expense paid on loan to purchase tax-exempt bonds	65,000
Rental income received and earned in 2021	35,000
Rental income received in 2020 but earned in 2021	40,000
Rental income received in 2021 but not earned by earn-end	70,000
Depreciation (Tax depreciation $95,000)	70,000
Lobbying fees paid to energy industry	85,000
Business meal (restaurant) $30,000 (subject to CAA). entertainment $22,000	52,000
April – June accrued bonus (book) payable October 1	150,000
Increase to allowance for D/A (Bad debt write-offs $158,000)	$170,000
Net capital loss	182,000
Federal income tax expense- Y/E, 2021 >>>>>calculate

Complete the table above. Identify each book-tax difference as either permanent or temporary and either favorable or unfavorable. If no difference, please indicate N/A in both columns.