Four Independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: in thousands) Situation 2 Taxable income Future deductible amounts Future taxable anounts Balance(a) at beginning of the year: $149 $343 $355 36 31 452 36 62 31 31 5.2 25 10.4 Deferred tax asset Deferred tax liability 5.2 .2 The enacted tax rate is 40%. Required: 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 "O" wherever applicable.) Situation a. income tax payable currently b. Deferred tax asset-balance. c. Deferred tax asset-change d. Doferred tax liab lity-balance Deferred tax liability- change Income tax expense