Gerald Englehart Industries changed from the double-declining-balance to the straight-line method in 2015 on all its plant assets. There was no change in the assets salvage values or useful lives. Plant assets, acquired on January 2, 2012, had an original cost of $2,393,600, with a $105,600 salvage value and an 8-year estimated useful life. Income before depreciation expense was $369,600 in 2014 and $300,800 in 2015.

Prepare the journal entry to record the change in depreciation method in 2015. (Credit account titles are automatically indented when 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.)

Depreciation Expense $XXX

Accumulated Depreciation - Building $XXX

Starting with income before depreciation expense, prepare the remaining portion of the income statement for 2014 and 2015.

	2015	2014
income before depreciation expense
depreciation expense
net income