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Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences:

	($ in thousands)
	Situation
	1				2				3				4
Taxable income	$	101			$	247			$	235			$	308
Future deductible amounts		19								24				24
Future taxable amounts						19				19				38
Balance(s) at beginning of the year:
Deferred tax asset		2.8								13				5.6
Deferred tax liability						2.8				2.8

The enacted tax rate is 40%. 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 "0" wherever applicable.)

Situation 1 2 3 4 a. Income tax payable currently. b. Deferred tax asset-balance. c. Deferred tax asset-change d. Deferred tax liability-balance. e. Deferred tax liability-change f.Income tax expense Situation 1 2 3 4 a. Income tax payable currently. b. Deferred tax asset-balance. c. Deferred tax asset-change d. Deferred tax liability-balance. e. Deferred tax liability-change f.Income tax expense

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