differences exlsting at December 31, 2020. 1. Culver Co. has developed the followine schedule of future taxable and deductible amounts. 2. Lackspur Co, has the following rehedule of future taxable and deductible amounts. Both Culver Co, and Larkspur Co. have taxable income of 53,700 in 2020 and expect to have taxable income in all future years. The tax rates enacted as of the beginning of 2020 are 30 for 20202021 and 35% for vears thereatter. All of the underlying temporary differences relate to noncurrent assets and fiabilities. 1. Compute the net amount of deferred income taves to be reported at the end of 2020 , and indicate how it should be classified on the balance sheet for situation one. Deferred income taxes to be reported at the end of 2020 in Culver Co. 2. Compute the net ampuns of deterred income tases to be reported at the end of 2020 , and indicate how it thould be cianuifedan the: balance therfor altuation two