Required 11 of 4 . The following information applies to the questions displayed below.) Golf Corp. (GC), a calendar-year accrual-method corporation held its directors' meeting on December 15 of year 1 During the meeting the board of directors authorized GC to pay a $75,000 charitable contribution to the World Golf Foundation, a qualifying charity. (For all requirements, leave no answer blank. Enter zero if applicable and select "Not applicable" if no effect.) 3 ts DOOR o. It GC actually pays $50.000 of this contribution on January 15 of year 2 and the remaining $25,000 on or before April 15 of year 2 what book-tax difference will it report associated with the contribution in year 1 (assume the 10 percent limitation does not apply? Is it favorable or unfavorable? Is it permanent or temporary ferences Llook-tax Ofference Favorable or Unfavorable Temporary of Permanent Yeart