The following information is available for Zip Corporation: Retained Earnings, December 31, 2017 Net Income for the year ended December 31, 2018 $1,500,000 $200,000 The company accountant, in preparing financial statements for the year ending December 31, 2018, has discovered the following information: The company's previous bookkeeper, who has been fired, had recorded depreciation expense on equipment in 2016 and 2017 using the double-declining balance method of depreciation. The bookkeeper neglected to use the straight-line method of depreciation which is the company's policy. The cumulative effects of the error on prior years was $35,000, ignoring income taxes. Depreciation was computed by the straight-line method in 2018. Prepare the entry for the prior period adjustment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts.) Account Tities and Explanation Debit Credit