1. On January 1, 2019, Ringer Inc. purchased a machine for $792,000 and depreciated it by the straight-line method using an estimated useful life of eight years with no residual value. On January 1, 2022, Ringer determined that the machine had a useful life of six years from the date of acquisition and will have a residual value of $72,000. An accounting change was made in 2022 to reflect these additional data. The accumulated depreciation for this machine should have a balance at December 31,2022 of; a. $438,000. b. $462,000 c. $480,000. d. $528,000. 2. Pets-R-Us includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Pets-R-Us 2.00 each. Pets-R-Us estimates that 40 nercent of the coupons will be redeemed. Data for 2022 and 2023 are as follows: The premium expense for 2022 is a. 25,000. b. 30,000. c. 35,000. d. 50,000