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