Eastern Publishers Ltd (EPL) is preparing its December 31, 2020 year-end financial statements. EPL focuses on corporate clients by binding and publishing corporate directories, policy manuals, and other large documents along with publishing short novels and books. This is the first year of operations.

You are working in EPL's accounting department and have been asked to prepare a preliminary estimate of the income tax expense. The current tax expense will not be paid until the next fiscal year. EPL has an average tax rate of 35% and an incremental borrowing rate of 10%. EPL follows ASPE.

Part C: In the table below, indicate whether each expense item identifed is a temporary difference (taxable or deductible), permanent difference, or not a difference between GAAP and the Income Tax Act. Place an "x" where applicable. Thanks.

Expense Item	Taxable Temporary Difference	Deductible Temporary Difference	Permanent Difference	Not a Difference
Lease Expense
Depreciation
Meals and Entertainment
Warranty Expense
Pension Expense