The following are two independent situations related to future taxable and deductible amounts that resulted from temporary differences at December 31, 2020. In both situations, the future taxable amounts relate to property, plant, and equipment depreciation, and the future deductible amounts relate to settlements of litigation that were previously accrued in the accounts. 1. Concord Corp. has developed the following schedule of future taxable and deductible amounts: 2021 2022 2023 2024 2025 Taxable amounts $400 $400 $400 $400 $400 Deductible amounts 0 0 0 (3,600 ) 0 Concord reported a net deferred tax liability of $1,060 at January 1, 2020. 2. Riverbed Corp. has the following schedule of future taxable and deductible amounts: 2021 2022 2023 2024 axable amounts $1,200 $1,200 $1,200 $1,200