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please help is due in 1 hour, or contact me +1 (505) 7858266 I pay more in private Timpanogos Incorporated is an accrual-method, calendar-year corporation.

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please help is due in 1 hour, or contact me +1 (505) 7858266 I pay more in private
Timpanogos Incorporated is an accrual-method, calendar-year corporation. For 2023, it reported financial statement income after taxes of $1,477,500. Timpanogos provided the following information relating to its activities for the year: Life insurance proceeds as a result of ceO's death Revenue from sales (for both book and tax purposes) Premiuas paid on the key-person life insurance policies. The policies have no cash surrender value. Charitable contributions Cost of goods sold for book and tax purposes Interest income on tax-exempt bondi Interest paid on loan obtained to purchase tax-exespt bonds Rental incone payments received and earned in 2023 Rental income payments received in 2022 but earned in 2823 Rental income payments recelved in 2023 but not earned by year-end Tax depreciation Book Depreciation Net capital loss Federal income tax expense for books S 220,090 2,28e,eee 23,090 198,0ee 33e, eeg 44,800 49,5e9 17,690 33, 000 60,009 27,8e0 46,090 341,090 Required: a. Reconcile book income to taxable income for Timpanogos incorporated. Be sure to start with book income and identify all of the adjustments necessary to arrive at taxable income. b. Identify each book-tax difference as either permanent ( P ) or temporary (T) c. Complete Schedule M-1 for Timpanogos: d. Compute Timpanogos Incorporated's tax llability Compute Timpanogos Incorporated's tax liability

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