In March 2020, Henley Organization purchased production equipment valued at $640,000. In 2022, auditors discovered that half of the value of the equipment had been originally expensed in 2020 . At the time of acquisition, the equipment was expected to last 8 years, with no salvage value. Henley uses straight-line depreciation for this type of asset and follows a policy of recording a full year of depreciation in the year of acquisition. Henley's tax rate is 28%. Required: a. Calculate the retrospective adjustment required and provide the appropriate journal entry to record this adjustment. b. Calculate the correct amount of depreciation for 2022 and provide the yearend entry