In , Inc. discovered an error in its financial statements. The firm recorded $12000000 of depreciation expense on its equipment instead of recording $9000000. has a constant tax rate of 35% and reports 3 years of comparative income statements and 2 years of comparative balance sheets with its financial reports. Assume that uses the same depreciation method for tax and financial reporting. Retained earnings and accumulated depreciation as of December 31, , were $12,150,000 and $5,700,000 respectively. Read the requirementsLOADING.... Question content area bottom Part 1 Requirement a. What is the necessary journal entry to record the prior-period adjustment? (Record debits first, then credits. Exclude explanations from any journal entries.)