(a) What is the beginning retained earnings balance at January 1, 2022, if Bramble prepares comparative financial statements starting in 2022?

(b) What is the beginning retained earnings balance at January 1, 2025, if Bramble prepares comparative financial statements starting in 2025?

C) What is the beginning retained earnings balance at January 1, 2026, if Bramble prepares single-period financial statements for 2026?

(d) What is the net income reported by Bramble in the 2025 income statement if it prepares comparative financial statements starting with 2023?

Bramble Company started operations on January 1, 2020, and has used the FIFO method of inventory valuation since its inception. In 2026, it decides to switch to the average-cost method. You are provided with the following information. Net Income Retained Earnings (Ending Balance) Under FIFO Under Average-Cost Under FIFO 2020 $99,300 $89,000 $93,900 2021 75,900 71,400 157,800 2022 81,400 70,600 236,300 2023 122,100 132,500 322,200 2024 323,400 313,800 543.200 2025 289,800 294,800 739,900