Hello, do you have time to work on the attached question? I know that it is a tough one, so I will pay well through tip and quesiton

Acct 2242 Wiet Acct Changes Case Iriformation As the coJitroller for lBCOOL,. Inc" you are contemplati;ng changing the depr~,ciationIi1ethod : uSed-on its .fixed assetsfrbm Sum-of.the-Years-Digits to Straight-Line and ~s resultant effect on _. . current year and priJ~r year ~ciAl statements. Although the fuianciAlhave'.been plep~ed for the current year (1994),th:e books have~ot;b'~en closed. .' .. At its inc.eption on JanuaI)'1,.1991; the company acquired fixed 'assets at a cost of$I;500,OOO--:-- . 75;000 SO,OOO 180,000 400,000 300,000 200,000 ',530,000 ',540,000 1,.705,000 . '600,000 ',390,000 Income from operations" Extraordinary Heat Loss, Cumulative Change in AcctPrinciple (70,000) Net Income (70,000) o 230,000 (250,OOOJ (20,000) 260,000 a o 275,000 , 0 o 260,000 Balance ,Sheet Current. As~ets Cash , Accounts ReceivabJes '- . Inventory Total .Current Assets .500,000 SOO,OOO 400,000 100,000 250,000 700,000 900,000 2,300,000 750,000 , ,840~OOO 4,000,000 5,000,0.00 . ",500,000 3,340,000 5,300,000 7,400,000 Fixed Assets Machinery . Less: Accumulated Depreciation *Jet Fixed Assets , ,500,000 1,.500,000 1,500,qOO 1,500,000 . (500,000) (900,000) (1,200,000) (1,400,000) ',000,000 600,000 300,000 1 00,000 TotaJ Assets 2,500,000 liabilities . Accounts Payable Accrued Interest Bonds Payable' Total. UabiJities 265,000 600,000 B60,OOO 2,000,900 , 80,000 ~ . 320,000' ' 305,'000 50,000 500,000 500,000 1,500,000 1,500,000 .815,000 ,,280;'000 2~6BO,OOO 3,'805,000 . Stoc~hoJder 3,940,0005,600,000 7,500,000 EquIty Capital Stock Addi'ti'onal Paid in Capital' Retained Earnings Total Sto~kholders EquitY 2,500,000 Tota) UabiIities and Equity . , ',750,000 2,500,000 2,500,000 3,000,000 250,000 . 250,000 6,000 250,000 (70,000) (SO,OOO) 170,000 . 445,000 1,685,000 2,660,000 2,920,000 3,695,000 . 3;940,000 5,600,000 7,500,000