On january 2, 2021, snow company began using straight-line depreciation for a certain class of assets. in the past, the company had used double-declining-balance depreciation for these assets. as of january 2, 2021, the amount of the change in accumulated depreciation is $120,000. the appropriate tax rate is 25%. the separately reported change in 2021 earnings is:

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?