As part of the audit, you have identified the following temporary differences that caused a change in the pretax accounting income. For each of these changes, identify whether it will result in future deductible amount or future taxable amount. # Temporary Difference 1 Reported a contingency loss in the financial statement; however, tax-deductible when it is paid. 2 Prepaid rent, tax deductible when paid. 3 Unearned Income, taxable when it is earned. 4 Unrealized profit from investment at fair value (tax- deductible when it the investments are sold) 5 Warranty expenses, estimated when products are sold, deducted for tax purpose when paid) 6 Advance rent receipts from operating lease. 7 Reported depreciation using straight line methods, while accelerated depreciation is used for tax purpose. 8 Accrued expenses for employee post retirement benefits, tax-deductibe when payments are made. 9 Allowance for doubtful debts. 10 Prepaid insurance, tax deductible when it is paid. Impact