6. Consider these four situations. Answer questions a-g. Then write out the journal entry for each. acts: SITUATIONS 1 2 4 4 Taxable income $125,000 $275,000 $65,000 $120,000 Total Future deductible amounts 20,000 0 18,000 12,000 Total Future taxable amounts 0 30.000 9,000 28,000 Balance BEGINNING of year: Deferred tax asset 2,000 0 11,000 6,000 Deferred tax liability 0 2,000 3,000 15,000 ssume the tax rate is and will be 40% in all situations. lease complete the following table and prepare journal entries for the four situations. Hint 1: Tax Expense = Taxes Payable - A Deferred tax asset + A Deferred tax liability Hint 2: Income Taxes Payable = Current Tax Expense Hint 3: Tax Expense = Current Tax Expense + Deferred Tax Expense Situation 1 Situation 2 Situation 3 Situation 4 a. DTA ending balance b. DTL ending balance c. Income taxes payable d. DTA change e. DTL change f. Income tax expense