Two independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: 1 2 Taxable 710 780 Income Future deductible 70 70 amounts Future taxable 80 10 amounts Balance(s) at the beginning of the year: Deferred tax 16 asset Deferred tax 27 11 liability The current year tax rate is 20%. Recent tax legislation will change the tax rate from the current 20% to 25% beginning next year. Use brackets) or a minus sign to denote a credit for the changes. Please complete the following table (don't round): 23 1 2 Deferred tax asset - change Deferred tax liability change Income tax expense