Check my work 9 Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: 0.9 points ($ in thousands) Situation 2 3 $ 223 $ 205 $ 272 21 21 16 16 32 $ 89 16 eBook Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability 2.2 4.4 10 2.2 2.2 Print The enacted tax rate is 40%. r 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.) Situation 2 3 1 4 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