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				4
Taxable income	$	84			$	216			$	196			$	260
Future deductible amounts		16								20				20
Future taxable amounts						16				16				28
Balance(s) at beginning of the year:
Deferred tax asset		2								9				4
Deferred tax liability						8				2

The enacted tax rate is 25%. Required: For each situation, determine the following:

1. Income tax payable currently

2. Deferred tax asset - Ending Balance

3. Deferred tax asset - Change

4. Balance(s) at beginning of the year:

5. Deferred tax asset

6. Deferred tax liability