Return to question 8 art 3 of 4 Required information 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" no effect.) 33 aints C. If GC actually pays $50,000 of this contribution on January 15 of year 2 and the remaining $25,000 on May 15 of year 2 what book- tax difference wil 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? Answer is not complete Favorable Temporary Book tax Droo Year Unfavorable Unfavorab Permanent Temporary