Monro Inc. uses the accrual method of accounting. Here is conciliation of Monro's allowance for bad debts for the current year. Beginning allowance for bad debts $61,150

Actual write-oFs of accounts receivable during the year (80,000)

Addition to allowance 88,500

Ending allowance for bad debts $69,650

Because of the diFerence between the GAAP and the tax rules for accountingfor baddebts, Monro Inc. has an: (SHOW WORK) A) 8,500 permanent excess of book income over taxable income B) $8,500 temporary excess of taxable income over book income. C.8,500 permanent excess of taxable income over book income D. $8,500 temporary excess of book income over taxable income.