Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability ($ in thousands) Situation 1 2 3 4 $88 $220 $204 $272 16 20 20 16 16 32 2 8 10 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.) Situation 1 2 3 a. Income tax payable currently. $ 22.0 $ 55.0 $ 51.0 $ 68.0 b. Deferred tax asset-ending balance. $ 0.0 $ 0.0 $ 5.0 $ (1.0) c. Deferred tax asset-change. $ 2.0 $ 0.0 $ (5.0) $ (5.0) d. Deferred tax liability-ending balance. $ 0.0 $ 4.0 $ 4.0 $ 8.0 e. Deferred tax liability-change. S 0.0 $ (4.0) $ 2.0 S 8.0 f. Income tax expense. $ 20.0 $ 51.0 $ 58.0 $ 75.0