Listed below are 10 causes of temporary differences. For each temporary difference, indicate (by letter) whether it will create future deductible amounts (D) or future taxable amounts (T) Temporary Difference 1. Accrual of loss contingency, tax-deductible when paid 2 Newspaper subscriptions, taxable when received, recognized for finaowhen the performance obligations satisfied 3 Prepaid rent, tax-deductble when paid Accrued bond interest expense, tax-deductible when paid 5. Prepaid insurance, tax-deductible when paid 6. Unrealized loss from recording investments at fair value (tax-deductible when investments are sold) 7. Warranty expense, estimated for financial reporting when products are sold, deducted for tax purposes when paid 8 Advance rent receipts on an operating lease (as the lessor), taxable when received 9 Straight-line depreciation for financial reporting; accelerated depreciation for tax purposes 1 Accrued expense for employee postretirement benefits, tax-deductible when subsequent payments are made Listed below are ten independent situations For each situation indicate (by letter) whether it will create a deferred tax asset (A), a deferred tax liability (L) or neither (N) Situation Advance payments on insurance, tax-deductible when paid 2 Estimated warranty costs tax-deductble when paid 3. Rent revenue collected in advance, cash basis for tax purposes 4. Interest received from investments in municipal bonds 5. Prepaid expenses, tax-deductible when paid 6. Net operating loss carryforward 7 Net operating loss carryback 8 Straight-line depreciation for financial reporting, MACRS for tax purposes 9 Organization costs expensed when incurred, tax-deductible over 15 years 10. Life insurance proceeds received upon the death of the company president