Bonita Company placed an asset in service on January 2, 2015. Its cost was $1,242,000 with an estimated service life of 6 years. Salvage value was estimated to be $90,000. Using the doubledeclining- balance method of depreciation, the depreciation for 2015 , 2016 , and 2017 would be $414,000,$276,000, and $184,000 respectively. During 2017 the company's management decided to change to the straight-line method of depreciation. Assume a 35% tax rate. (a) Your answer is correct. How much depreciation expense will be reported in the income from continuing operations of the company's income statement for 2017? (Hint: Use the new depreciation in the current year.) Depreciation expense \$ eTextbook and Media Solution Attempts: 2 of 2 used (b) What amount will be reported as an adjustment to the beginning balance of retained earnings to reflect the effect of the change in accounting principle? (Enter 0 if no amount is to be reported. Do not leave any field blank.) Adjustment to the beginning balance of retained earnings $