1 Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: 0 oints ($ in thousands) Situation 1 Taxable income $128 2 $260 3 4 D 3284 $392 Future deductible amounts 16 20 20 eBook Future taxable amounts 16 72 NON Balance (3) at beginning of the year: Print Deferred tax asset 2 20 Deferred tax liability NO 4 2 References The enacted tax rate is 25%. Required: For each situation, determine the following: (Enter your answers in thousands rounded to one decimal place (i.e. 1,200 should be entered as 1.2). Negative amounts should be indicated by a minus sign. Leave no cell blank, enter "O" wherever applicable.)