On January 1, 2019, Piper Co., purchased a machine (its only depreciable asset) for $900,000. The machine has a five-year life, and no salvage value. Sum-of-the-years'-digits depreciation has been used for financial statement reporting and the elective straight-line method for income tax reporting. Effective January 1, 2022, for financial statement reporting, Piper decided to change to the straight-line method for depreciation of the machine. Assume that Piper can justify the change and the beginning accumulated depreciation on the machine was $720,000.

Piper's income before depreciation, before income taxes, and before the cumulative effect of the accounting change (if any), for the year ended December 31, 2022, is $750,000. The income tax rate for 2022, as well as for the years 2019-2021, is 20%. What amount should Piper report as net income for the year ended December 31, 2022?

		$180,000
		$312,000
		$600,000
		$528,000