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	$	124			$	256			$	276			$	380
Future deductible amounts		16								20				20
Future taxable amounts						16				16				68
Balance(s) at beginning of the year:
Deferred tax asset		2								19				4
Deferred tax liability						8				2

The enacted tax rate is 25%. 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 "0" wherever applicable.)

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	$	124			$	256			$	276			$	380
Future deductible amounts		16								20				20
Future taxable amounts						16				16				68
Balance(s) at beginning of the year:
Deferred tax asset		2								19				4
Deferred tax liability						8				2

The enacted tax rate is 25%.

Situation 2 3 1 4 a. Income tax payable currently b. Deferred tax asset-ending balance. c. Deferred tax asset-change. d. Deferred tax liabilityending balance. e. Deferred tax liability-change. f. Income tax expense