Indicate which of the following items are temporary differences and which are nontaxable or nondeductible. For each temporary difference, indicate whether the item considered alone would create a deferred tax asset or a deferred tax liability.
(a) Tax depreciation in excess of book depreciation, $150,000.
(b) Excess of income on installment sales over income reportable for tax purposes, $130,000.
(c) Premium payment for life insurance policy on president, $95,000.
(d) Rent collected in advance of period earned, $75,000.
(e) Warranty provision accrued in advance of period paid, $40,000.
(f) Interest revenue received on municipal bonds, $30,000.