Saved Help Save & E Check Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: (5 in thousands) Situation 2 3 4 $288 $476 20 20 16 16 100 $156 16 Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability $340 2 4 27 2 8 The enacted tax rate is 25%. Required: For each situation, determine the following: (Enter your answers in thousands rounded to one decimal place (i.e. 1,200 should be entered as 1.2). Negative amounts should be indicated by a minus sign. Leave no cell blank, enter "o" wherever applicable.) Situation a. Income tax payable currently b. Deferred tax asset-ending balance. c. Deferred tax asset-change dak 100% o Search hapter 16 Saved Help Save $288 $156 16 Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability $340 20 16 $476 20 180 16 2 4 8 27 2 The enacted tax rate is 25% Required: For each situation, determine the following: (Enter your answers in thousands rounded to one decimal place (i.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 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 100 O earch