At the beginning of 2023, Jones Corporation discovered that depreciation expense in the years prior to 2023 was incorrectly calculated and recorded. Jones follows IFRS and the deferred taxes method of accounting for income taxes. Depreciation expense for the years before 2023 and the income tax rate for Jones follow.
	Depreciation prior to 2020	$ 165,000
	Correct depreciation prior to 2020	75,000
	Income tax rate	30%

Prepare Jones' 2023 correcting journal entry with respect to the depreciation expense that was recorded in the years before 2020.
			Debit	Credit
	Accumulated Depreciation		90,000
		Retained Earnings		63,000
		Deferred Tax Liability		27,000