The company in compliance with GAAPS change its accounting policy and accounting estimates. Below are changes made Accounts Receivable - from Direct Write-off to Allowance Method. Last year, the company written-off its past due account amounting to P25,500 Computers - from Sum of the Year to Straight Line Method. The life of the computers is 5 years. Its already depreciated for 3 years and the running balance of Accumulated Depreciation is P125,300 under Sum of the Years Method but using the Straight Line Method, it is only P100,300, Machinery - the life is change from 5 years to 10 years under straight line method. The cost of the Machinery is P250,000 and already depreciated for 2 years How much will be adjustment in Retained Earnings if the tax rate is 30%