Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: ($ in thousands) Situation Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability 1 2 4 $160 $292 $348 $488 16 20 20 16 16 104 2 28 4 8 2 The enacted tax rate is 25%. 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.) a Income tax payable currently b. Deferred tax asset-ending balance Deferred tax asset-change. 4 sdfulnes Situation 2 3 Check my w