Carta Industries changed from the double-declining-balance to the straight-line method in 2021 on all its equipment. There was no change in the assets' salvage values or useful lives. Plant assets acquired on January 2, 2018, had an original cost of $1.491,200, with a $86,400 salvage value and an 8-year estimated useful life Income before depreciation expense was $263,200 in 2020 and $252,800 in 2021 (a) Your answer is correct Prepare the journal entry to record depreciation expense in 2021. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. I no entry is required, select "No Entry for the account titles and enter o for the amounts) Account Titles and Explanation Debit Credit Depreciation Expense 108540 Accumulated Depreciation Equipment 108540 (b) * Your answer is incorrect Starting with income before depreciation expense, prepare the remaining portion of the income statement for 2020 and 2021 2021 2020 Income before depreciation opense S 263200 252800 Depreciation expense 209700 108540 Net income 53500 144260