1. Over the past 4 years, SPARKY has estimated bad debts based on 3.5% of credit sales. On May 1, 2016, after reviewing their major client's credit worthiness, they decided to change this estimate to 4.75%. If Sparky had used the 4.75% in the past, bad debt expenses would be $150,000 higher in prior years. During fiscal 2016, Sparky had earned sales revenues of $2,750,000 of which 20% were cash sales and 80% were credit sales. The bookkeeper calculated bad debt expenses for 2016 using the 3.5%. Determine the ADJUSTMENT to Sparky's Income from Continuing Operations (ICO) for this item. Sparky has a corporate tax rate of 30%. If you need to increase ICO, enter your answer as a positive number; for instance: 3000 If you need to decrease ICO, enter your answer as a negative number; for instance: -3000 If you determine no change is needed to ICO; enter 0