Using 2021 Forms. I didn't realize that the year will literally affect your answers. Also, if you can I would appreciate you doing schedule 1 as well as with the given information it requires a schedule 1 as well.

E4.3B (L0 4) (Change in Accounting Principle) Tom Zuluaga Company placed an asset in service on January 2 , 2018 . Its cost was $1,350,000 with an estimated service life of 6 years. Salvage value was estimated to be $90,000. Using the double-declining-balance method of depreciation, the depreciation for 2018,2019 , and 2020 would be $450,000, $300,000, and $200,000 respectively. During 2020 , the company's management decided to change to the straight-line method of depreciation. Assume a 35% tax rate. Instructions (a) How much depreciation expense will be reported in the income from continuing operations of the company's income statement for 2020? (Hint: Use the new depreciation in the current year.) (b) What amount will be reported as an adjustment to the beginning balance of retained earnings to reflect the effect of the change in accounting principle? d. Instead of accepting $60 the utility store offers for their old dishwasher, they donate it to Goodwill on November 21,2021 . They purchased the dishwasher for $750 on March 30, 2011. The new dishwasher cost $900. e. Kara and Brandon purchased a new residence for $250,000. As part of the closing costs, they pay two points, or $3,800, on the mortgage, which is interest rather than loan processing fees. This payment enables them to obtain a more favorable interest rate for the term of the loan. They also paid $8,400 in interest on their mortgage on their personal residence. f. They pay $4,100 in property taxes on their residence and $7,500 in state income taxes. g. On July 20, 2021, Kara and Brandon donate 1,000 shares of Anton, Inc. stock to the local community college. The value of the stock on that date is $10,200. Anton, Inc. is a listed stock. They had purchased the stock on November 10,2013 for $1,000. h. $7,000 in federal income tax was withheld during the year. Complete Kara and Brandon's Form 1040, Schedules A, B, D, and E, Form 8283 and Form 8949. For purposes of this problem, disregard the alternative minimum tax and any credits