Assume that Harlow Pool Equipment commenced operations on January $1,2018.$ At the time, Harlow received permission to use the same depreciation calculations for shareholder reporting as the company uses for income tax purposes. Harlow planned to depreciate its fixed assets over $20$ years, but in December $2018$ Harlow's CFO realized that the assets would last for only $15$ years. The company's accountants plan to report the $2018$ financial statements based on the new and revised information. How would the new depreciation assumption of $15$ years' useful life for its fixed assets affect the company's financial statements?Harlow's reported $2018$ earnings per share would increase.Harlow's cash position in $2018$ and $2019$ would increase.The provision will increase Harlow's tax payments. Harlow's reported net fixed assets would increase.Harlow's EBIT would increase.