Blossom Colada deferred talability balance due to a temporary diference at the beginning of 2020 related to $1400000 of excess depreciation. In December of 2020, a new income tax actissgned into law that lowers the corporate rate from 30% to 25%, effective wuary 1.2022. If taxable amounts related to the temporary difference are scheduled to be reversed by 5740000 for both 2021 and 2022. Blossom should increase or decrease deferred tacliability by what amount? Decrease by $74000 Decrease by 337000 Increase by $37000 Increase by $70000