On January 1, 2019,5andhill Corporation acquired machinery at a cost of $1710000, Sandhill 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 40% tax rate, the cumulative effect of this accounting change on beginningretained eamings, is $0. $192888. $321480. $191520. On December 31, 2021 Carla Vista Company changed its method of accounting for imventory from weighted average cost method to the FIFO method. This change caused the 2021 beginning inventory to increase by $995000. What the cumulative effect of this accounting change to be reported for the year ended 12/31/21, assuming a 30x tax rate? $995000 $298500 $0. $696500 Pharoah Company purchased a machine on January 1,2019, for $855000. At the date of aceukition, the machine had an estianated useful life of 6 years with no salvage. The machine is being depreciated on a straight-line basis. On Jantary 1.2022. Pharoah determined, as a result of additional information, that the machine had an estimated useful life of 8 years from the date of acuuisition with no salvage. An accounting change was made in 2022 to reflect this additional information. Assume that the direct effects of this change are limited to the effect on depreciation and the related tax provision and that the income tax rate was 40% in 2019,2020, 2021, and 2022. What should be reported in Pharoshy inceme statement for the year ended December 31,2022 , as the cumulative effect on prior years of changing the estimated useful iffe of the machioe? $57000$85500$427500$0