At the end of 2016, Sentry Company reported a deferred tax liability of $6,120 based on an income tax rate of 30%. On January 2, 2017, Congress changed the income tax rate to 35%.

Required

1.Calculate the amount of teh adjustment to Sentry's 2016 year end deferred tax liability

2.Prepare the journal entry to correct Sentry's deferred tax liability.