• Assume that the Federal government has announced an increase of 3 percent in the tax rate for Canadian companies. This will affect deferred taxes on the financial statements.
• Change depreciation expense from straight line to double decline depreciation
• Change from operating lease to finance lease
• Change from FIFO to LIFO

How will these 4 changes affect the balance sheet and income statement (which accounts will be affected) for Shopify and what will be the value of these accounts after these changes are made(Note numbers don't need to be accurate can be hypothesized)

December 31, 2018 December 31, 2017 Note S Assets Current assets Cash and cash equivalents 410,683 141,677 Marketable securities 1,558,987 796,362 Trade and other receivables, net 41,347 21,939 Merchant cash advances and loans receivable, net 91,873 47,101 Other current assets 26,192 18.598 2,129,082 1,025,677 Long-term assets Property and equipment, net 9 61,612 50,360 Intangible assets, net 10 26,072 17,210 Goodwill 38,019 20,317 25,703 $7.887 Total assets 2,254,785 1,113,564 Liabilities and shareholders' equity Current liabilities Accounts payable and accrued liabilities 12 96,956 62,576 Current portion of deferred revenue 13 39,180 30,694 Current portion of lease incentives 14 2,552 1,484 138,688 94.754 Long-term liabilities Deferred revenue 13 1,881 1,352 Lease incentives 14 22,316 14,970 Deferred tax liability 20 ,132 1,388 25,329 17,710 Commitments and contingencies 16 Shareholders' equity Common stock, unlimited Class A subordinate voting shares authorized, 98,081,889 and 87,067,604 issued and outstanding; unlimited Class B multiple voting shares authorized, 2,310,800 and 12,810,084 issued and outstanding 17 2,215,936 1,077,477 Additional paid-in capital 74,805 43,392 Accumulated other comprehensive income (loss) 18 (12,216) 3,435 Accumulated deficit (187,757) (123,204) Total shareholders' equity 2,090,768 1,001,100 Total liabilities and shareholders' equity 2,254,785 1,113,564Years ended December 31, 2018 December 31, 2017 Note $ $ Revenues Subscription solutions 21 464.996 310,031 Merchant solutions 21 608,233 363,273 1,073,229 673,304 Cost of revenues Subscription solutions 100,990 61,267 Merchant solutions 375,972 231,784 476,962 293,051 Gross profit 596,267 380,253 Operating expenses Sales and marketing 350,069 225,694 Research and development 230,674 135,997 General and administrative 107.444 67,719 Total operating expenses 688,187 429,410 Loss from operations (91,920) (49,157) Other income Interest income, net 29,436 7,850 Foreign exchange gain (loss) (2,069) 1,312 27,367 9,162 Net loss (64,553) (39,995) Other comprehensive income (loss), net of tax Unrealized gain (loss) on cash flow hedges 18 (15,651) 5,253 Comprehensive loss 80,204) 34,742) Basic and diluted net loss per share attributable to shareholders 19 $ (0.61) $ (0.42) Weighted average shares used to compute basic and diluted net loss per share attributable to shareholders 19 105,671,839 95,774,897