A Moving to another question will save this resp Question 33 During 2021, a construction company that began operations in 2019 changed from the completed-contract method to the percentage-of-completion method for accounting purposes but not for tax purposes. Gross profit figures under both methods for the past three years appear below: Completed-Contract 2019 $ 475,000 2020 625,000 2021 700,000 $1,800,000 Percentage-of-Completion $ 900,000 950,000 1,050,000 $ 2,900,000 Assuming an income tax rate of 20% for all years, the effect of this accounting change on prior periods should be reported by a credit of. OAA) $600,000 on the 2021 income statement. OB. $880,000 on the 2021 retained earnings statement. OC$880,000 on the 2021 income statement OD. $600,000 on the 2021 retained earnings statement.

Question 33 began operations in 2019 changed from the