Diff Corp has the following items during the year. Indicate whether each is a temporary (T) or a permanent (P) difference and whether it is favorable (F) or unfavorable (U).

Interest income municipal bonds

Death benefits from life insurance on key employees

Meals and entertainment expense

Dividends received deduction

Gain on sale in year 3 of a 7-year life asset where book and tax depreciation were different (tax depreciation was higher)

A $100 charitable contribution deduction carryforward that is used in the current year.

Diff has total short-term capital gains of $100 and long-term capital losses of $70 for the current year.