The Huguenot Corporation buys equipment on October 1, Year One, for $120,000. It has an expected residual value of $30,000. The company expects to make use of it for ten years.The straight-line method of depreciation is applied but not the half-year convention. The equipment is sold on April 1, Year Three, for $107,000.

1. What would have been the difference in reported net income for Year Three if the double-declining balance method had been used along with the half-year convention?