Four independent situations are described below. Each involves future deductible amounts and$/$or future taxable amounts produced by temporary differences:

$($$ in thousands$)$

Situation

$1234$

Taxable income $ $148$ $ $280$ $ $324$ $ $452$

Future deductible amounts $162020$

Future taxable amounts $161692$

Balance$($s$)$ at beginning of the year:

Deferred tax asset $2254$

Deferred tax liability $82$

The enacted tax rate is $25\%.$

Required:

For each situation, determine the following: