Presented below are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2020. 1. Coronado Co. has developed the following schedule of future taxable and deductible amounts. 2021 2022 2023 2024 2025 Taxable amounts $300 $300 $300 $300 $300 Deductible amount (1,600 ) 2. Whispering Co. has the following schedule of future taxable and deductible amounts. 2021 2022 2023 2024 Taxable amounts $300 $300 $300 $300 Deductible amount - (2,600 ) Both Coronado Co. and Whispering Co. have taxable income of $4,200 in 2020 and expect to have taxable income in all future years. The tax rates enacted as of the beginning of 2020 are 30% for 2020-2023 and 35% for years thereafter. All of the underlying temporary differences relate to noncurrent assets and liabilities. Compute the net amount of deferred income taxes to be reported at the end of 2020, and indicate how it should be classified on the balance sheet for situation one. Deferred income taxes to be reported at the end of 2020 in Coronado Co. CORONADO CO. Balance Sheet (Partial) $ Compute the net amount of deferred income taxes to be reported at the end of 2020, and indicate how it should be classified on the balance sheet for situation two. Deferred income taxes to be reported at the end of 2020 in Whispering co. $ WHISPERING CO. Balance Sheet $