At the beginning of 2017, Armstead Corporation discovered that depreciation expense in the years prior to 2017 was incorrectly calculated and recorded. For the years before 2017, total depreciation expense of $165,000 was recorded, whereas correct total depreciation expense was $75,000. The tax rate is 30%. Armstead follows IFRS and the deferred taxes method of accounting for income taxes. Prepare Armstead's 2017 journal entry with respect to the depreciation expense that was recorded in the years prior to 2017.