Superior Developers sells lots for residential development. When lots are sold, Superior recognizes income for financial reporting

purposes in the year of the sale. For some lots, Superior recognizes income for tax purposes when the cash is collected. In $2023,$

Superior sold lots for $$150$ million, for which no cash was collected at the time of the sale. This cash will be collected equally over

$2024$ and $2025.$ The enacted tax rate was $40\%$ at the time of the sale. In $2024,$ a new tax law was enacted, revising the tax rate from

$40\%$ to $35\%$ beginning in $2025.$

Calculate the total amount by which Superior should change its deferred tax liability in $2024.$

Note: Enter your answer in millions rounded to $2$ decimal places $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}50).$

Answer is complete but not entirely correct.

The deferred tax liability will

decrease by

$

$37\mathrm{.}50$