Question 3 of 21 > View Policies Current Attempt in Progress > -/12 !!! Rodriguez Corp. changed from the straight-line method of depreciation on its plant assets acquired in early 2018 to the double- declining-balance method in 2020 (before finalizing its 2020 financial statements) because of a change in the pattern of benefits received. The assets had an eight-year life and no expected residual value. Information related to both methods follows: Year Double-Declining- Balance Depreciation Straight-Line Depreciation Difference 2018 $410,000 $205,000 $205,000 2019 307,500 205,000 102,500 2020 230,625 205,000 25,625 Net income for 2019 was reported at $452,000; income for 2020 before depreciation and income tax is $482,000. Assume an income tax rate of 30%. The change from the straight-line method to the double-declining-balance method is considered a change in estimate. What net income is reported for 2020? $ Net income, 2020 What is the amount of the adjustment to opening retained earnings as at January 1, 2020? Adjustment to opening retained earnings, January 1, 2020 $ What is the amount of the adjustment to opening retained earnings as at January 1, 2019? Adjustment to opening retained earnings, January 1, 2019 $