On January 1, 2019, Cullumber Co. purchased a machine for $2412000 and depreciated it by the straight-line method using an estimated useful life of 8 years with no salvage value. On January 1, 2022, Cullumber determined that the machine had a useful life of 6 years from the date of acquisition and will have a salvage value of $192000. An accounting change was made in 2022 to reflect these additional data. The accumulated depreciation for this machine should have a balance at December 31, 2022 of

$1407000.

$1480000.

$1608000.

$1343000.