Answer: increase $90,000 ; increase $105,000
Explanation:
Based on the changes made, the impact the net income reported by Ridge, Inc. and Cannon Company for the year ended December 31, 2021 will be that there'll be an increase of $90,000 for Ridge Inc. and there'll also be an increase of $105,000 for Cannon Company.
It should be noted that the reduction in the depreciation will bring about a rise in the net income of both companies.