1 $156 16 Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability situation 2 3 $288 $340 20 16 16 $476 20 100 2 4 27 2 8 8 The enacted tax rate is 25%. Required: For each situation, determine the following: (Enter your answers in thousands rounded to one de entered as 1.2). Negative amounts should be indicated by a minus sign. Leave no cell blank, en Situation es 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 Income tax expense Prey 8 of 13 Next