Four Independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: ($ in thousands) Situation 1 2 3 4 $152 $284 $332 $464 16 20 20 16 16 96 Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability 2. 4 26 2 8 The enacted tax rate is 25%. Required: For each situation, determine the following (Enter your answers in thousands rounded one decimal place (1.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.) Situation 1 3 a. Income tax payable currently b. Deferred tax asset=ending balance. C. Deferred tax asset-change. d. Deferred tax liability-ending balance Deferred tax liability=change f. Income tax expense e X *Untitled- - No File Edit Format View Help fill in every blank 1 Windows (CRLF) UTF-8