Gear Company records $2,000 of depreciation under the sum-of-years-digits method in Year 9, the companys rst year of operations. In Year 10, the company decides to change to the straight-line method for accounting purposes. If the straight-line method were used in Year 9, depreciation would have been $1,500. Depreciation in Year 10 under the straight-line method is $1,800 (depreciated based on the book value on January 1 of Year 10). The tax rate is 25%. Income from continuing operations before tax and before deducting depreciation in Year 10 is $12,000.

Provide the Year 10 entry to record this change and calculate Year 10 net income.