8 minutes Newton Company purchased equipment on 1/1/19 for $20,000 with a 4 year useful life. In error, Newton expensed the entire cost at time of purchase. The error was discovered in 2021 before the books are closed and straight-line depreciation expense was appropriately recorded for the current year. In 2021 and 2020 comparative financial statements, a Prior Period Adjustment would be recognized as follows (ignore income tax effects): 2021 $10,000; 2020 $5,000. 2021 $-0-; 2020 $10,000. O 2021 $-0-; 2020 $5,000. 2021 $5,000; 2020 $5,000