Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: ($ in thousands ) Situation 2 3 $224 $212 $284 $92 20 20 16 16 36 Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability 8 11 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 "0" wherever applicable.) Situation 2 1 3 4 a. Income tax payable currently. b. Deferred tax asset-balance. c. Deferred tax asset-change. d. Deferred tax liability-balance. e. Deferred tax liabilitychange. f. Income tax expense