On January 1, 2018, Ocasek, Inc. purchased equipment for $230,000, and proceeded to depreciate it over its 10 year estimated useful life (straight line, no salvage value).

On July 1, 2022, Ocasek sold the equipment for $97,000 in cash, but neglected to record the sale and continued to record depreciation as though they owned the equipment.

When the error is discovered in 2023, retained earnings will be debited (enter as a positive number) or credited (enter as a negative number) by:

[Hint: consider both the gain or loss omitted as well as the depreciation that should not have been recorded.]