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 4 $280 $324 $452 20 20 16 16 92 $148 16 Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability 2 4 25 2 8 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.) 2 a. Answer is complete but not entirely correct. Situation 1 2 3 4 Income tax payable currently $ 37.0 $ 70,0 $ 81.0 $ 113.0 Deferred tax asset-ending balance. $ 4.0 $ 0.0% 0.00.0% Deferred tax assetchange. $ 2.0 $ 4.0 $ 20.0 $ 1.0 Deferred tax liabilityending balance. 0.0 $ 0.0 $ 0.0 $ 0.0 Deferred tax liability-change. $ 0.0 $ 0.0 $ 2.0 $ 70 Income tax expense. $ 35.0 $ 74.0 $ 103.0 $ 119.0 >IX b. C. ooooo DIO d. e. f