Analyzing and Interpreting Tax Footnote (Financial Statement Effects Template) Snapchat Inc. reports total tax expense of $2,547 thousands on its income statement for year ended December 31, 2018, and paid cash of $3,958 thousand for taxes and decreased taxes payable by $755 thousand. The tax footnote in the company's 10-K filing reports the following deferred tax assets and liabilities information.

The domestic and foreign components of pre-tax loss were as follows:

Year Ended December 31 ($ thousands)20172018Domestic$(969,922)$(3,027,580)Foreign(283,442)(435,828)Loss before income taxes$(1,253,364)$(3,463,408)

The significant components of net deferred tax balances were as follows:

December 31 ($ thousands)20172018Deferred tax assetsAccrued expenses$10,534$21,056Deferred revenue2,142976Intangible assets140,771140,494Stock-based compensation396,604254,255Net operating losses473,110849,224Tax credit carryforwards124,078235,300Property and equipment--203Other2,015322Total deferred tax assets$1,149,254$1,501,830Deferred tax liability Property and equipment(5,883)--Total deferred tax liabilities(5,883)--Total net deferred tax assets before valuation allowance1,143,3711,501,830Valuation allowance(1,144,543)(1,502,346)Net deferred taxes$(1,172)$(516)

Snapchat's gross deferred tax assets increased in 2018. By what amount did Snapchat's gross deferred tax assets increase? $352,576

Use the financial statement effects template to record income tax expense for fiscal year 2018 along with the changes in both deferred tax assets and liabilities and the valuation allowance. Use negative signs with answers, when appropriate.

Could you please answer what the Noncash Assets are and what the Liabilities are? Thank you!

Balance SheetTransactionCash Asset+

Noncash

Assets

=Liabilities+

Contributed

Capital

+

Earned

Capital

Record tax expense & changes in accounts

(3,958)

? ? 0 (2,547) Income StatementRevenue-Expenses=

Net

Income

0

2,547 -2,547