At the end of 2021, a company has a deferred tax asset with an existing balance of $3,000. The company has no other temporary differences and no valuation allowance. Based on available evidence, the company concludes that it is more likely than not that only 20% will be realized. The journal entry to establish a valuation allowance results in a(n): v (Click to polect) decrease in Income Tax Expense of $2,400 increase in Income Tax Expense of $2,400 decrease in Income Tax Expense of $600 increase in income Tax Expense of $600