For each of the following determine the:

a.Income tax payable

b. deferred tax asset- balance

c. deferred tax asset-change (dr) cr

d. deferred tax liability- balance

e.deferred tax liability- change (dr) cr

f. income tax expense

Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: ($ in thousands) Situation 1 2 3 $215 $85 15 $195 20 15 $260 20 30 15 Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability 2 9 4 2 2