Stacey Corp. has been depreciating equipment over a 10-year life on a straight-line basis. The equipment, which cost $27,700, was purchased on 1 January 20X1. It has an estimated residual value of $7,200. On the basis of experience since acquisition, management has decided in 20x5 to depreciate it over a total life of 14 years instead of 10 years, with no change in the estimated residual value. The change is to be effective on 1 January 20X5. The 20x5 financial statements are prepared on a comparative basis; 20x4 and 20x5 incomes before depreciation were $53,100 and $55,400, respectively. Disregard income tax considerations. Required: 1-a. Analyze the effects of the change. (Leave no cells blank - be certain to enter "0" wherever required. Amounts to be deducted should be indicated by a minus sign.) 20X1 20x5 Analysis: Cost Accumulated depreciation to date Residual value To be depreciated Annual depreciation (SL): S 0 $ 0 Per year