KER Corp. incurred a loss in 20x15 after several years of taxable income. After the carry back, KER still had losses to use up in the amount of $357,000. The applicable tax rate was 40%. In 20x16, the tax rate goes up to 45%. Assuming that losses have not been used but it is still probable that they will be used, prepare the journal entry to set up the deferred benefit in 20x15 and any other entries applicable to the deferred benefit.