17. In 2022, internal auditors discovered that Jem Inc had debited an expense account for $400,00 cost of a machine purchased on January 1, 2019. The machine's useful life was expected to be eight years with no residual value. Straight-line depreciation is used by Jem. The journal entry to correct the error will include a credit to retained earnings of

1. 200,000

2. 400,000

3. 250,000

4. 150,000