Archipelago Company purchased a piece of machinery for $60,000 on January 1, 2020 and has been depreciating the machine using the double declining-balance method based on a five-year estimated useful life and $5,000 residual value. On January 1, 2022, Archipelago decided to switch to the straight-line method of depreciation. Due to technological innovations, the estimated useful life was reduced by one year from the original life and the residual value was reduced by SON. Ignore income taxes. Required: (1) Prepare the appropriate journal entry, if any, to record the accounting change. (5 Marks) (2) Prepare the journal entry to record depreciation for 2022. (15 Marks)