Blue Company has a calendar year end. In 20x2, Blue changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 20x1, Blue's inventories were $32.8 million (FIFO). Blue's records indicated that the inventories would have totaled $24.2 million at December 31, 20x1, if determined on an average cost basis.Ignoring income taxes, what journal entry will Blue use to record the adjustment on January 1, 20x2? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)