Grey Gum Corporation has income and expenses for its current iscal year, recorded under generally accepted accounting principles shown in the following schedule. In addition, a review of Gem's books and records reveals the following information Sales revenue Cost of oods sold Gross profit Meats and entertain Date Depreciation Other operating pes Contingent loss Income before te Federal income taxe G Tec 52,000,000 (1200,00) S. (100,000) 10,000 () (220.00) 0.000 120,000 200.000 . Giim expened to book posmos soling 50.000 and entertainment costs tong $54.000 These wed Gesales personnel are one in amount and are documented company records for the costs are som dette and that the entranco e ne duc . During January of the current year, Grm was sed by one of the moyees areout of a world com The yet gone to court. However regret company to record a cogent and book $50.000, reflecting the company any trom the sot . Grim recorded federal come to open for boc purposes of $80.000 mused the reserve method for coming bad open for took posl.com Expose of $30.000 cuted as 15 percent of Awit strunts receiving $22.000 MACRS depreciation for the year fotos 000 Required .. Complete the following acting Gow's bootx en forme curent year whether care Increase the contencomend to be the one come on antanum Required: a. Complete the following table reflecting Gumboldtax differences for the current yes, whether such differences are positive ancrease taxable income or negative decrease taxable income and the final numbers to be included in the calculation of table income on Grim's tax return Required A Complete the following table, reflecting Grm book/tax differences for the current year, whether such forces are pot (uncrease taxable income) or negative (decrease taxable income, and the bral numbers to be included in the calculation of cable income on Gru's tax return. (Negative amounts thould be indicated by a minore to cook GAAP Boch Income Box Derences Income Sales non Cost of goods sold Oro proti Meas andere Bad Deprecate Omereceningen Contingent come before Fede compense Net 0 O