Required A and B Schedule M1 Required D 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. Identify each book-tax difference as either permanent (P) or temporary (T). Note: Negative amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Revenue from sales Description Cost of goods sold Gross profit Other income: Life insurance proceeds from CEO's death Interest income on tax-exempt bonds Rental income Gross income Expenses: Interest paid to obtain tax-exempt bonds Net capital loss Depreciation Life insurance premiums Federal income tax expense Total expenses before charitable contribution, NOL, and DRD Income before charitable contribution, NOL, and DRD NOL carryover from prior year Taxable income for charitable contribution limitation purposes Charitable contributions (after 10% limit) Book/Taxable income Book Income (Dr) Cr Book-tax adjustments (Dr) Permanent (P) or Temporary (T) Book-tax adjustments Cr Permanent (P) or Temporary (T) Taxable Income (Dr) Cr $ 0 $ $ 0 $ $ 0 $ 0 $ 0 $ 0