question 3 part b

Marin industries changed from the double-declining-balance to the straight-line method in 2021 on all its equipment. There was no change in the assets' salvage values or useful lives. Plant assets, acquired on January 2, 2018, had an original cost of $1,491,200, with a \$86,400 salvage value and an 8-year estimated useful life. Income before depreciation expense was $263,200 in 2020 and $252,800 in 2021 (a) Prepsre the journal entry to record depreciation expense in 2021. (Credit occount titles are automotically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts/ Starting with income before depreciation expense, prepare the remaining portion of the incomestatement for 2020 and 2021