Sheffield Corporation has a taxable temporary difference related to net book value versus UCC of $710,000 at December 31, 2020. This difference will reverse as follows: 2021, $54,400; 2022, $311,000; and 2023, $344,600. Enacted tax rates are 25% for 2021 and 2022, and 30% for 2023. Calculate the amount that Sheffield should report as a deferred tax asset or liability at December 31, 2020. Deferred tax liability to be reported If the tax rate for 2023 had been 25%, and unexpectedly increased to 30% at the end of 2020, how would the increase in the tax rate for 2023 have affected the deferred tax asset or liability, and the related expense, in 2020? The deferred tax expense and liability would increase in 2020 by $