Timpanogos Incorporated is an accrual$-$method, calendar$-$year corporation. For $2022,$ it reported financial statement income after taxes of $$1,640,100.$ Timpanogos provided the following information relating to its $2022$ activities:

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 liability.

Complete this question by entering your answers in the tabs below.

Required A and $B$

Schedule M$1$

Required D 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.

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