15. ABC Inc. changes from LIFO to FIFO at the beginning of 2020. Total Net Income for 20172019 , shown for comparison purposes with the 2020 financial statements, would be $155,000 under LIFO and $235,000 under FIFO. What kind of change is this? How should it be accounted for? Record the journal entry (if any) to record this change. 15. ABC Inc. changes from LIFO to FIFO at the beginning of 2020. Total Net Income for 20172019 , shown for comparison purposes with the 2020 financial statements, would be $155,000 under LIFO and $235,000 under FIFO. What kind of change is this? How should it be accounted for? Record the journal entry (if any) to record this change