On 1/1/18, Axel Company purchased a machine for $660,000. Although the machine was expected to have a five-year life, it was erroneously expensed in recording the purchase. The appropriate depreciation method for this machine is double-declining-balance with no residual. What journal entry will Axel make if this error is discovered at the end of 2020? How will it affect the adjusted 1/1 retained earnings for comparative financial statements for 2020 and 2019? (Show amounts and positiveegative.)