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Current Attempt in Prokress Presented below are two independent utuations related to future twable ard deductible amounts resulting from teniporary differences extsting at December 31,

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Current Attempt in Prokress Presented below are two independent utuations related to future twable ard deductible amounts resulting from teniporary differences extsting at December 31, 2025. 1. Culver Co. has developed the following sclwdule of future tavable and deductible amounts: 2 Lackspur Ca has the following schetule of future taxable and deductible amounts differences relate to nonciurent assets and liableties 1. Compute the ret amount of deferred incone taves to be reported at the end of 2025 , and indicate howit should be clasulfied on the balance sheet for situation one Deferred income taves to be reported at the end of 2005 in Culver C0. 2. Compute the net amount of deferred income taxes to be reported at the end of 2025 , and indicate how it should be classified on the balance sheet for situation two. Deferred income taxes to be reported at the end of 2025 in Larkspur co. $

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