Tianan Corp. acquired equipment in 20X1 for $600,000. Management instructed the accounting staff to depreciate the equipment on a 25% declining balance rate. In 20X3, as the year-end financial statements are being prepared, the chief accountant discovers that the equipment had been depreciated over the previous two years at 30% instead of 25%. Tianans income tax rate is 30%. Required: 1. Calculate the amounts of the adjustments that should be made to opening retained earnings in the comparative statements of changes in equity for each of 20X1 and 20X2.