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 ($ in thousands) Situation 2 3 4 $124 $ 256 $276 $380 16 20 20 16 16 68 2 4 19 2 NO 8 The enacted tax rate is 25%, Required: For each situation, determine the following: (Enter your answers in thousands rounded to one decimal place (.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 2 3 a Income tax payable currently b. Deferred tax asset-ending balance c. Deferred tax asset-change d. Deferred tax liability ending balance e. Deferred tax liability-change 1. Income tax expense