Required information Problem 16-38 (LO 16-2) [The following information applies to the questions displayed below.) What book-tax differences in year 1 and year 2 associated with its capital gains and losses would ABD Inc. report in the following alternative scenarios? Identify each book-tax difference as favorable or unfavorable and as permanent or temporary. (Leave no answer blank. Enter zero if applicable and select "Not applicable" if no effect.) Problem 16-38 Part b Year 1 $ 8,000 20,000 Year 2 $5,000 Capital gains Capital losses Book-tax Difference Favorable or Unfavorable Temporary or Permanent Year 1 Year 2 Problem 16-38 Part Capital gains Capital losses Year 1 $ 0 25,000 Year 2 $50,000 30,000 Book-tax Difference Favorable or Unfavorable Temporary or Permanent Year 1 Year 2 Problem 16-38 Part d Capital gains Capital losses Year 1 Year 2 $ 0 $40,000 25,0000 Book-tax Difference Favorable or Unfavorable Temporary or Permanent Year 1 Year 2