On April 1, 2021, the following 2020 error was discovered after the 2020 financial statements were issued. Equipment purchased on January 1, 2020, with a cost of $48,000, salvage value of $2.880, and useful life of 5 years was incorrectly expensed as maintenance cost. The company uses the straight-line method to depreciate all equipment. The correcting journal on April 1, 2021 includes A debit to Equipment account by $48,000. O A credit to Equipment account by $48,000. O A debit to Depreciation Expense account by $9.024. O A debit to Retained Earnings-Prior Period Adjustment account by $38.976