Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: 1 $96 16 Taxable income Future deductible amounts Future taxable amounts Balance() at beginning of the year Deferred tax asset Deferred tax liability ($ in thousands) Situation 4 $228 $220 $296 20 20 16 16 40 2 4 8 12 2 The enacted tax rate is 25%. Required: For each situation, determine the following: (Enter your answers in thousands rounded to one decimal place (ie. 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 3 a. Income tax payable currently b. Deferred tax asset-ending balance Deferred tax asset change d. Deferred tax liability ending balance e. Deferred tax liability change Income tax expense