Please answer both parts a and b!

During 2017, Veridian Dynamics changed from the completed-contract method to the percentage-of-completion method for information under both methods for 2015-2017 appears below accounting purposes but not for tax purposes. Income Completedcontract method Percentage-compleion methoa 2017 Pre-tax financial income 475,000 625,000 700,000 900,000 950,000 1050,000 40% 190.000 250.000 280.000 360.000 380.000 420.000 285,000 375,000 420,000 540,000 570,000 630,000 2015 2016 2017 2015 2016 Income tax expense, Net Incom Assuming an income tax rate of 40% for all years, which of the following should be debited during 2017 as part of the journal entry required for the change in accounting principle? a. $450,000 debited to the (beginning) retained eamings balance b. $660,000 debited to "net loss' on the 2017 income statement c. $300,000 debited to "deferred tax asset d. $750,000 debited to C e. None of the above s (CIP) On January 1, 2013, Schrute Farms acquired beet processing machinery at a cost of $800,000. Schrute Farms adopted the straight-line method of depreciation for this machinery and recorded depreciation at the end of each year based on an estimated useful life of 10 years and a residual value of S300,000. Durin estimated useful life of the machine (ie., beginning 1/1/13) to be 20 years, and the estimated residual value to be $80,000 How much depreciation expense should Schrute Farms record on December 31, 2017 related to the beet processing machinery' g 2017, the company changed the total a. $25,000 b. $26,000 c. $32,500 d. $37,500 e. $50,000 f. None of the above