In 20x6, a publicly traded firm changed its method of accounting for a major expense incurred when providing service to its customers. The firm appropriately accounted for the change as a change in accounting principle, using the retrospective approach. The expense for each of the most recent four years 20x6 - 20x3 was reduced $15,000 per year ($60,000 in total). Ignoring income tax, the 20x6 JE to record the principle change includes which of the following:

-dr. RE, cumulative effect of accounting change 60,000

-cr. RE, cumulative effect of accounting change 45,000

-cr. RE, cumulative effect of accounting change 30,000

-dr. RE, cumulative effect of accounting change 45,000

-cr. RE, cumulative effect of accounting change 60,000