Azua, Incorporated reported a deferred tax liability of $1,380,000 for the year ended December 31,2022, related to a temporary difference of $6,000,000. The tax rate was 23%. The temporary difference is expected to reverse in 2024 , at which time the deferred tax liability will become payable. There are no other temporary differences in 20222024. Assume a new tax law is enacted in 2023 that causes the tax rate to change from 23% to 20% beginning in 2024 . (The rate remains 23% for 2023 taxes.) Taxable income in 2023 is $15,000,000. Determine the effect of the change and prepare the appropriate journal entry to record the company's income tax expense in 2023. Azua, Incorporated reported a deferred tax liability of $1,380,000 for the year ended December 31,2022, related to a temporary difference of $6,000,000. The tax rate was 23%. The temporary difference is expected to reverse in 2024 , at which time the deferred tax liability will become payable. There are no other temporary differences in 20222024. Assume a new tax law is enacted in 2023 that causes the tax rate to change from 23% to 20% beginning in 2024 . (The rate remains 23% for 2023 taxes.) Taxable income in 2023 is $15,000,000. Determine the effect of the change and prepare the appropriate journal entry to record the company's income tax expense in 2023