Below is the net income of Martinez Instrument Co$.,$ a private corporation, computed under the three inventory methods using a

periodic system.

$($Ignore tax considerations.$)$

$($a$1)$

Assume that in $2026$ Martinez decided to change from the FIFO method to the average$-$cost method of pricing inventories.

Prepare the journal entry necessary for the change that took place during $2026.($Credit account titles are automatically indented

when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts. List debit entry before credit entry.$)$