( Ch. 16 Exercises. 1,3-5, 8-10, 13, 15-16, 13, 20-21, 2.. Saved Help Save& Exit Subr Check my wor 5 Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: in thousands) Situation Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: $133 $311 $315 $404 points 27 27 27 54 Sklpped Deferred tax asset Deferred tax liability 4.4 4.4 eBook Print The enacted tax rate is 40%. References 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.) Situatiorn a. Income tax payable currently b. Deferred tax asset-balance. c. Deferred tax asset-change d. Deferred tax liability-balance e. Deferred tax liability change f. Income tax expense 6 of 16 Next >