At December 31, 2017 Blossom Corporation reported a deferred tax liability of $295000 which was attributable to a taxable temporary difference of $910000. The temporary difference is scheduled to reverse in 2021. During 2018, a new tax law Increased the corporate tax rate from 30% to 35%. Blossom should record this change by debiting Retained Earnings for $45500 O Income Tax Expense for $14750 Income Tax Expense for $45500. Retained Earnings for $14750