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

18 value 1.00 points Two independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: SITUATION $43,000 $83,000 Taxable income Amounts at year-end: Future deductible amounts 5.300 10,300 0 5.300 Future taxable amounts Balances at beginning of year, dr (cr) $1,000 $3,605 Deferred tax asset Deferred tax liability 0 1.000 The enacted tax rate is 35% for both situations. Required For each situation determine the Answer is not complete SITUATION 15.050 29,050 V (a.) ncome tax payable currently s 1,855 s 3,605 V (b.) Deferred tax asset balance at year-end. 2,857X s 1,262X (c.) Deferred tax asset change dr or (c for the year. 1,855 V (d.) Deferred tax liability balance at year-end. (e.) Deferred tax liability change dr or (cr) for the year. (f.) income tax expense for the year