Oswego Products revised estimates on two of its plant assets on December 31, 2022, as follows:

	Asset #1	Asset #2
Purchase date	Jan. 1, 2018	June 30, 2019
Equipment cost	$45,000	$75,000
Original estimates:
Life in years	6	6
Residual value	$4,000	$10,000
New estimates:
Life in years	10	6
Residual value	$4,000	$0
2023 income before depreciation			$85,075
# of common shares outstanding			10,000

Oswego uses the straight-line method of depreciation, full month convention. What amounts would be disclosed related to the change in the above estimates in the 2023 financial statements? (Ignore income taxes.)

a. $1,467 decrease in net income; $0.15 decrease in earnings per share

b. $1,467 increase in net income; $0.15 increase in earnings per share

c. $1,067 decrease in net income; $0.11 decrease in earnings per share

d. $1,467 increase in net income; $0.15 increase in earnings per share

e. $1,698 increase in net income: $0.17 increase in earnings per share

f. $1,067 increase in net income; $0.11 increase in earnings per share