At the beginning of 2020, Armstead Corporation discovered that depreciation expense in the years prior to 2020 was incorrectly calculated and recorded. For the years before 2020, total depreciation expense of $172,000 was recorded, whereas correct total depreciation expense was $68,800. The tax rate is 30%. Armstead follows IFRS and the deferred taxes method of accounting for income taxes. Prepare Armstead's 2020 journal entry with respect to the depreciation expense that was recorded in the years before 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Accumulated Depreciation Debit Credit Deferred Tax Liability Retained Earnings