Cullumber Co. hadadeferred taxability balance due to a temporary difference at the beginning of 2020 related to $1390000 of excess depreciation. In December of 2020, a new income tax act is signed into law that lowers the corporate rate from 30% to 25% effective January 1, 2022. Iftaiable amounts related to the temporary difference are scheduled to be reversed by 5695000 for both 2021 and 2022. Cullumber should increase or decrease deferred tax liability by what amount? Decrease by 589500 Decrease by $34750 Increase by $34750 Increase by 569500