In its 20X4 year-end review, JTL Corporation discovered the following issues:
• JTL has accounts receivable of $190,000 and an allowance for doubtful accounts of $32,000. Bad debts have been estimated in the past at 14% of aged accounts receivable; however, it is now estimated to be 12%.
• JTL was sued by an ex-employee in early 20X3 for wrongful dismissal. At the end of 20X3, the company accrued a $135,000 provision. This amount was provided by the lawyers as the best estimate at the time. Now, at the end of 20X4, the company’s lawyers are finalizing payment for the $124,000 settlement.
• JTL’s currently has $48,000 worth of Product T. In September 20X4, JTL introduced a new, updated version, Product C. Following the release of Product C, Product T has stopped selling.
• JTL owns a building that has a decommissioning provision attached to the land. At the end of 20X4, the costs relating to the decommissioning liability rose from $3,025,000 to $4,075,000. The building has a remaining useful life of 18 years from the end of 20X4. Decommissioning costs are discounted at a rate of 8%.

Required:
Prepare the entry, or entries, to appropriately reflect the changes noted.