Windsor Company placed an asset in service on January 2, 2015. Its cost was $ 1,215,000 with an estimated service life of 6 years Salvage value was estimated to be $ 90,000. Using the doubledeclining-balance method of depreciation, the depreciation for 2015, 2016, and 2017 would be $ 405,000, $ 270,000, and $ 180,000 respectively. During 2017 the company's management decided to change to the straight-line method of depreciation Assume a 35% tax rate (a) Your answer is correct How much depreciation expense will be reported in the income from continuing operations of the company's income statement for 2017. (Hint: Use the new depreciation in the current year.) Depreciation expense $ 112500 e Textbook and Media Attempts: 1 of 3 used (b) X Your answer is incorrect. 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? (Enter if no amount is to be reported. Do not leave any field blank) Adjustment to the beginning balance of retained earnings 67500