For the eleven scenarios listed below are items that are treated differently for accounting purposes than they are for tax purposes. Indicate whether the items are permanent differences or reversible differences. For reversible differences, indicate whether they will create deferred tax assets or deferred tax liabilities.a)Investments accounted for by the equity method (investment income exceedsdividends received)b)Advance rental receiptsc)Membership costs for executives at a local golf clubd)Estimated future warranty costse)Excess of pension contributions over pension expensef)Expenses incurred in obtaining tax-exempt revenueg)Instalment salesh)Excess CCA over accounting depreciationi)Long-term construction contractsj)Premiums paid on life insurance of officers (company is the beneficiary)k)Penalty assessed by CRA for late submission of income tax return