The following information is available for Zip Corporation: The company accountant, in preparing financial statements for the year ending December 31,2021 , has discovered the followin: information: The company's previous bookkeeper, who has been fired, had recorded depreciation expense on equipment in 2019 and 2020 usit 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 2021. Prepare the entry for the prior period adjustment. (Record joumal entries in the order presented in the problem. 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 tittes and enter of for the amounts.) Prepare the retained earnings statement for 2021. (List items that increase retained earnings first.) ZIP Corporation Retained Earnings Statement Balance, danuary 1 , as reported eTextbook and Media List of Accounts