Presented below are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2025. 1 Windsor Co. has developed the following schedule of future taxable and deductible amounts. Taxable amounts Deductible amount Taxable amounts 2027 2028 $300 $300 $300 Deductible amount 2026 2026 2027 2. Sheridan Co. has the following schedule of future taxable and deductible amounts. $300 $300 2028 $300 2029 (2.000) $300 (1,800) 2029 2030 $300 $300 Both Windsor Co. and Sheridan Co. have taxable income of $4,300 in 2025 and expect to have taxable income in all future years. The tax rates enacted as of the beginning of 2025 are 30% for 2025-2028 and 35% for years thereafter. All of the underlying temporary differences relate to noncurrent assets and liabilities. 1. Compute the net amount of deferred income taxes to be reported at the end of 2025, and indicate how it should be classified on the balance sheet for situation one

Presented below are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2025. 1. Windsor Co, has developed the following schedule of future taxable and deductible amounts. 2. Sheridan Co. has the following schedule of future taxable and deductible amounts. Both Windsor Co and Sheridan Co. have taxable income of 54,300 in 2025 and expect to have taxable income in all future years. The taxrates enacted as of the beginning of 2025 are 30% for 2025-2028 and 35% for years theneafter. All of the underlying temporary differencer relate to noncurrent assets and liabilities. 1. Compute the net arnount of deferred income taces to be reported at the end of 2025 . and indicate how it should be classified on the balance sheet for situation one. Deferred income taxes to be reported at the end of 2025 in Windsor CO. 2. Compute the net amount of deferred income taxs to be reported at the end of 2025 , and indicate how it should be classified on the balance sheet for situation two