Bonita Company began operations in 2018 and for simplicity reasons, adopted weighted average pricing for inventory. In 2020, in accordance with other companies in its industry, Bonita changed its inventory pricing to FIFO. The pretax income data is reported below. Year Weighted- Average FIFO 2018 2019 2020 $373.900 403,200 415,300 5405,500 430,900 465,600 What is Bonita's net income in 2020? Assume a 35% tax rate in all years. Net Income $ e Textbook and Media Compute the cumulative effect of the change in accounting principle from weighted average to FIFO inventory pricing. Net effect $ e Textbook and Media Show comparative income statements for Bonita Company, beginning with income before income tax, as presented on the 2020 income statement. 2018 2020 Income before income tax $ Income tax Net income e Textbook and Media 6:23 PM 00 9/23/201