On January 1, 2019. Pharoah Corporation acquired machinery at a cost of $1630000. Pharoah adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2022 , a decision was made to change to the double-declining balance method of depreciation for this machine. Assuming a 30\% tax rate, the cumulative effect of this accounting change on beginning retained earnings, is $306440 $182560 $0. $214508