Ryan Ltd. began operations on July 1, 20X1. Ryan decided to use the straight-line method of depreciation for its equipment. The equipment had a cost of $100,000 and an estimated useful life of 10 years. 20X2 20X1 Equipment $100,000 $100,000 Accumulated depreciation 20,000 10,000 Net book value $ 80,000 $ 90,000 In 20X3, Ryan realized it misreported the cost of the equipment: the initial cost should have included $20,000 in installation costs, which was accidentally expensed in 20X1. Assume Ryan has a tax rate of 20% for all years. Required Provide the journal entries for 20X3, including the correcting entries, if any. Determine the net book value for 20X1, 20X2, and 20X3