In 2018, internal auditors discovered that PKE Displays, Inc., had debited an expense account for the $312,000 cost of a machine purchased on January 1, 2015. The machines useful life was expected to be four years with no residual value. Straight-line depreciation is used by PKE. Ignoring income taxes, prepare the journal entry PKE will use to correct the error. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)