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Presented below are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2020. 1. Grouper Co, has developed the following schedule of future taxable and deductible amounts. 2022 2021 $300 2023 $300 2025 $300 $300 2024 $300 (1,600) Taxable amounts Deductible amount 2. Monty Co. has the following schedule of future taxable and deductible amounts. 2021 $300 2022 $300 2023 $300 (2.800 2024 $300 Taxable amounts Deductible amount 1 Both Grouper Co. and Monty Co have taxable income of $3,900 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. 1. 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 Grouper Co. $ GROUPER CO. Balance Sheet (Partial) 2. 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 Monty co. $ MONTY CO. Balance Sheet

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