At December 31, 2014 Raymond Corporation reported a deferred tax liability of $120,000 which was attributable to a taxable type temporary difference of $400,000. The temporary difference is scheduled to reverse in 2018. During 2015, a new tax law increased the corporate tax rate from 30% to 35%. Raymond should record this change by debiting

a. Retained Earnings for $20,000.

b. Retained Earnings for $6,000.

c. Income Tax Expense for $20,000.

d. Income Tax Expense for $6,000.