Summer Sage, Inc. starts the year with a cumulative favorable temporary difference $($due to accelerated depreciation$)$ of $$100,000.$ During the year, the enacted tax rate on Summer Sage increases from $35\%$ to $40\%$; however, book and tax depreciation are equal and the cumulative temporary difference does not change. What journal entry must Summer Sage record for deferred taxes this year?

Multiple choice question.

DR Deferred income tax expense $$5,000,$ CR Deferred tax liability $$5,000$

DR Deferred tax asset $$5,000,$ CR Deferred tax liability $$5,000$

DR Deferred tax liability $$5,000,$ CR Deferred income tax expense $$5,000$

No journal entry required