Blue Corp. constructed a machine at a total cost of $70 million. Construction was completed at the end of 2017 and the machine was placed in service at the beginning of 2018. The machine was being depreciated over a 10-year life using the straight-line method. The residual value is expected to be $4 million. At the beginning of 2022, Blue decided to change to the sum-of-the-years'-digits method. The journal entry to record depreciation for 2022 includes:

A credit to PPE-machine for $10 million.

A credit to accumulated depreciation for $11.55 million.

A debit to depreciation expense for $11.31 million.

A debit to retained earnings for $11.55 million.

A debit to depreciation expense for $11.55 million.