In 20x8, after the financial statements for 20x7 were published, it was discovered that a vehicle costing $70,000 purchased on January 2, 20x6, was charged to the land account in error. The vehicle belongs to class 10 (30%) for CCA purposes. The company depreciates its vehicles on a straight-line basis over 7 years. There is no residual value. The tax rates for 20x6 and 20x7 were 28% and 25%, respectively. At the end of 20x7, the federal government enacted the 20x8 tax rate at 24%. Required Prepare the adjusting journal entries that would be recorded in 20x8 to adjust the accounts at the beginning of 20x8