Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability The enacted tax rate is 25%. Required: ($ in thousands) Situation 1 2 3 4 $ 120 $ 252 $ 268 $ 368 16 20 2 20 16 16 64 2 18 4 8 2 For each situation, determine the following: Note: 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. Answer is not complete. Situation 2 3 4 a. Income tax payable currently. $ 30.00 $ 63.0 b. Deferred tax asset-ending balance. $ (2.0) $ 0.0 $ 67.0 $ (5.0) $ 92.00 $ (5.0) ( c. Deferred tax asset-change. d. Deferred tax liability-ending balance. e. Deferred tax liability-change. f. Income tax expense.