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At December 31, 2013, Edwards Corporation reported a deferred tax liability of $140,000 which was attributable to a taxable temporary difference of $400,000. The temporary difference is scheduled to reverse in 2018. During 2014, a new tax law increased the corporate tax rate from 35% to 40%. Edwards should record this change by debiting:

a) Income Tax Expense for $14,000

b) Income Tax Expense for $20,000

c) Retained Earnings for $14,000

d) Retained Earnings for $20,000

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