On July 1 of year 1. Riverside Corp. (RC), a calendar year taxpayer, acquired the assets of another business in a taxable acquisition When the purchase price was allocated to the assets purchased, RC determined it had purchased $2,106,000 of goodwill for both book and tax purposes. At the end of year 1, RC determined that the goodwill had not been impaired during the year in year 2 however, RC concluded that $460,000 of the goodwill had been impaired and wrote down the goodwill by $460,000 for book purposes Required: a. What book-tax difference associated with its goodwill should RC report in year 1? Is it favorable or unfavorable? Is it permanent on temporary? b. What book-tax difference associated with its goodwill should RC report in year 2? Is it favorable or unfavorable? Is it permanent or temporary? Complete this question by entering your answers in the tabs below. ReqA Req What book-tax difference associated with its goodwill should RC report in year 1? Is it favorable or unfavorable? Is it permanent or temporary? (Do not round intermediate computations.) Book taux difference Is it favorable or unfavorable? ist permanent or temporary? Favorable Temporary KRA ReqB >