Exercise 16-10 (Algo) Calculate income tax amounts under various circumstances; financial statement effects [LO16-2, 16-3]
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 $ 96 $ 228 $ 220 $ 296
Future deductible amounts 16 20 20
Future taxable amounts 16 16 40
Balance(s) at beginning of the year:
Deferred tax asset 2 12 4
Deferred tax liability 8 2
The enacted tax rate is 25%.

Required:
For each situation, determine the following:

Note: 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.