In 2020, Dody Corporation, which follows IFRS, discovered that equipment purchased on January 1, 2018, for $161,000 was expensed in error at that time. The equipment should have been depreciated over five years, with no residual value. The tax rate is 30%. Prepare Dody's 2020 journal entry to correct the error and record 2020 depreciation. Assume income and capital cost allowance was reported accurately for tax purposes in all years. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Equipment 161,000 Depreciation Expense 32200 Accumulated Depreciation - Equipment 10733 Deferred Tax Liability 139532 Retained Earnings 97672