c. $ 20,000 d. $320,000 of On January 1, 2020, Raptors Corp. changed its inventory valuation method from weighted-average cost to FIFO for financial statement and income tax purposes, to make their reporting as reliable and more relevant. The change resulted in a $ 900,000 increase in the beginning inventory at January 1, 2020. Assume a 25% income tax rate. The cumulative effect of this accounting change reported for the year ended December 31, 2020 is Select one: a. $225,000 b. $900,000 c. $0 d. $675,000 tintly sold at a discount and the straight-line method of amortization is used, interest expense in the earlier