n January 1, 2020, Connaughton Corp. purchased land for $177,000. Land ordinarily does not depreciate, but Connaughton misclassified the land as machinery, and depreciated it over ten years with no residual value.

The error was discovered in 2026. The journal entry to correct the error will include a debit (enter as a positive number) or a credit (enter as a negative number) to retained earnings of