Budlow, Inc., reported the following results for the current year. 
Determine Budlow's taxable income for the current year.Identify any temporary or permanent book-tax differences.
Definitions:
Legal Action
The process of seeking resolution or enforcement of rights through judicial proceedings.
Damages
Monetary compensation awarded by a court as a remedy for a breach of contract or injury.
Wholesale Price Index
An economic indicator that measures the changes in the price levels of goods sold and traded in bulk by wholesalers.
Molten Aluminum
Aluminum in a liquid state, achieved by heating the metal beyond its melting point.
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