Four i jependent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: ($ in thousands) Situation 2 3 $271 $265 1 $113 22 22 22 Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability 22 3.4 22 16 $344 22 6.8 - 3.4 3.4 The enacted tax rate is 40%. 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 "0" wherever applicable.) Answer is not complete. Income tax payable currently. Deferred tax asset-balance. Deferred tax asset-change Deferred tax liabilitybalance. Deferred tax liabilitychange Income tax expense. Situation 1 2 3 $ 45.2 $ 108.4 $ 106.0 $ (8.8) $ 0.0 $(10.8) $ 0.0 $ 5.4 $ 5.4 $ 40.0 $ 40.0 $ 40.0 4 $ 137.6 $(10.8) $(17.6) $ 40.0%