"At December 31, 2020, Fell Corporation had a deferred tax liability of $340,000, result-ing from future taxable amounts of $2,000,000 and an enacted tax rate of 17%. In May 2021, a new income tax act is signed into law that raises the tax rate to 20% for 2021 and future years. Prepare the journal entry for Fell to adjust the deferred tax liability."