In 2017, Riverbed Company discovered that equipment purchased on January 1, 2016, for $59,900 was expensed at that time. The equipment should have been depreciated over 6 years using the straight-line method, with a $5,900 value. The effective tax rate is 40%. Prepare Riverbed's 2017 journal entry to correct the error. (Credit account titles are automatically indented when 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 Debit Credit Equipment 59900 Accumulated Depreciation TDeferred Tax Liability .......... Retained Earnings