I am trying to determine the Book and Tax numbers for this company. I need to figure out what are my EOY income statement numbers and book tax differences. What I know from class is for the Accrued Wages, the first 3 are favorable and the last 2 are not favorable accourding to the instructor. Additionally He wants us to deduct all of the new assetss completly with bonus. and for the prepaid insurance we used the 12 month rule where we can deduct it with tax

Champa Bay, Inc. Balance Sheet Champa Bay, Inc. Inramn Ctatoment !/31/2022 Other Information - - Each shareholder of CBI devotes 100 percent of their professional time to the business. For their time, each are compensated accordingly. - Dividends received during the year were paid by Tesla, Inc. - CBI had its City of Tampa municipal bonds redeemed (i.e., bought back) for $100,000 on March 4,2022 . The bonds were purchased three years ago for $100,000. - CBI bought 100 shares of Tesla, Inc. on September 8, 2019 for $100,000, then sold all 100 shares on August 22, 2022 for $700 a share. - CBI contributed $8,000 to the American Red Cross in June 2022. - CBI prepaid a $21,000 general liability insurance premium in November for a one year policy with an effective date beginning December 1, 2022 and ending November 30, 2023. - Tax depreciation was $350,000 before any cost recovery associated with depreciable fixed assets purchased in 2022 (described below). CBI wishes to deduct as much depreciation as possible, but does not want to elect any immediate expensing under 179. - Ending balances in the accrued bonuses, vacation, and wages accounts are summarized below as of December 31, 2021 and December 31, 2022. (Hint: the 'shareholders' by virtue of their familial relationship are considered related parties for determining whether accrued compensation is deductible when accrued or paid.) - CBI has contemporaneous documentation to support all meal expenses (i.e., business was conducted at meals attended by clients and employees). None of these expenses are considered entertainment. - CBI made estimated tax payments of $7,000 (total, not quarterly) during 2022