Life insurance proceeds as a result of CEOs death$200,000 Revenue from sales (for both book and tax purposes) 2,000,000 Premiums paid on the key-person life insurance policies. The policies have no cash surrender value. 21,000 Charitable contributions 180,000 Cost of goods sold for book and tax purposes 300,000 Interest income on tax-exempt bonds 40,000 Interest paid on loan obtained to purchase tax-exempt bonds 45,000 Rental income payments received and earned in 2020 15,000 Rental income payments received in 2019 but earned in 2020 10,000 Rental income payments received in 2020 but not earned by year-end 30,000 Tax depreciation 55,000 Book Depreciation 25,000 Net capital loss 42,000 Federal income tax expense for books in 2020 310,000

Calculate the following ( this company using accrual basis )

1- Book tax differences

2- Favorable or unfavorable

3 - temporary or permenat