On January 2, 2019, Tiger Co. purchased a machine for $264,000 and depreciated it using the sum-of-the-years-digits method with an estimated useful life of 8 years with no salvage value. On January 2, 2022, the company changed to straight-line depreciation and determined that the machine had a useful life of 6 years from the date of acquisition and will have a salvage value of $20,000. Assuming the proper accounting change was made in 2022 to reflect the new estimates, what is the balance of accumulated depreciation for this machine at December 31, 2022?

Group of answer choices

$184,000

$129,000

$154,000

$172,000