roblem $16-36($LO $16-2)($Static$)$

In its year $1$ financial statements, Seatax Corporation, an accrual$-$method taxpayer, reported federal income tax expe in its year $1$ tax return, it reported a tax liability of $$650,000.$ During year $1,$ Seatax made estimated tax payments of

$/$hat book$-$tax difference, if any, associated with its federal income tax expense should Seatax have reported when ear $1$ taxable income? Is the difference favorable or unfavorable? Is it temporary or permanent?

$\backslash$table$[[,\backslash$table$[[$Book$-$tax$],[$Difference$]],\backslash$table$[[$Favorable or$],[$Unfavorable$]],\backslash$table$[[$Temporary or$],[$Permanent$]],],[$Year $1,$$$,(80,000),$Unfavorable,Permanent$]]$