income statement based on your decision.Your answer is partially correct.

Concord Corporation performs year$-$end planning in October of each year before its calendar year ends in December. The preliminary

estimated net income is $$2,953,200.$ The CFO meets with the company president to review the projected numbers. She presents the

estimated net income is $$2,953,200.$ following projected information:

Other information at December $31,2020$:

The corporation has never used robotic equipment before, and the CFO assumed an accelerated method because of the rapidly

changing technology in robotic equipment. The company normally uses straight$-$line depreciation for production equipment.

The president explains to the CFO that it is important for the corporation to show a $$5,350,000$ income before taxes because the

president receives a $$1,070,000$ bonus if the income before taxes and bonus reaches $$5,350,000.$ The president also does not want

the company to pay more than $$1,926,000$ in income taxes to the government

$($a$)$ What can the CFO do within GAAP to accommodate the president's wishes to achieve $$5,350,000$ in income before taxes and

bonus? Present the revised income statement based on your decision.