Francis Corporation acquired machinery at a cost of $1,200,000 on January 1, 2018. Francis adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2021, a decision was made to change to the double-declining balance method of depreciation for this machine.

Assuming a 30% tax rate, the cumulative effect of this accounting change on beginning retained earnings, is which of the following?

A :

$134,400

B :

$157,920

C :

$225,600

D :

$0