On January 1, 1998, Shirli Inc. changed from the straight-line method of de-preciation to the declining-balance method. The cumulative effect of the change was toincrease the prior years' depreciation by \(\$ 40,000\) and 1998 depreciation by \(\$ 8,000\). Showthe change in accounting principle section of the 1998 income statement, assuming thetax rate is \(30 \%\).