Carla Corp. changed from the straight-line method to the double-declining- balance method in 2021 on all its equipment. There was no change in the salvage values or useful lives. The equipment was purchased in 2020, and the original cost was $597,000 with no salvage value and a 6-year estimated useful life. Income before depreciation expense was $586,000 in 2020 and $682,000 in 2021. Carlas tax rate is 20%.

Prepare the journal entry to record depreciation in 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount

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List of Accounts

Starting with income before depreciation expense, prepare the remaining portion of the income statement for 2020 and 2021.

		2021		2020
Income before depreciation expense		$enter a dollar amount		$enter a dollar amount
Depreciation expense		enter a dollar amount		enter a dollar amount
Income before taxes		enter a total amount for the first part		enter a total amount for the first part
Income taxes		enter a dollar amount		enter a dollar amount
Net income		$enter a total amount		$enter a total amount