At December 31, 2010, Takeshi Corporation had a deferred tax liability of ¥680,000,000 resulting from future taxable amounts of ¥2,000,000,000 and an enacted tax rate of 34%. In May 2011, a new income tax act is signed into law that raises the tax rate to 40% for 2011 and future years.
Prepare the journal entry for Takeshi to adjust the deferred tax liability.