Four independent situations are described below. Each involves future deductible amounts and$/$or future taxable amounts produced by temporary differences:$2\mathrm{.}91$ pointseBook.PrintReferencesTaxable incomeFuture deductible amountsFuture taxable amountsBalance$($s$)$ at beginning of the year:Deferred tax assetDeferred tax tiability$ $8416($$ in thousands$)$Situation$2$$ $216$ $ $196201616$NIC$ $2602028$The enacted tax rate is $25\%.$Required:For each situation, determine the following: