Due to rapid changes in technology, Concord Ltd. will have to replace its monitoring system more quickly than originally anticipated. When the system was purchased for $253,600 on January 1, 2019, the expected useful life had been 15 years and residual value was estimated at $40,600. Now, on December 31, 2022, management is convinced the system will be disposed of on December 31, 2023, for $51,800. Straight-line depreciation expense has not yet been recorded for 2022. Prepare the journal entry to record the change in accounting estimate and the depreciation expense on December 31, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit