CALCULATOR PRINTER VERSION (RACK Exercise 4-14 (Part Level Submission) Metlock Company began operations in 2015 and for simplicity reasons, adopted weighted average pricing for inventory. In 2017, in accordance with other companies in its industry, Metlock changed its inventory pricing to FIFO. The pretax income data is reported below. Year FIFO 2015 2016 2017 Weighted Average $381,800 405,100 415.200 $411,000 432.600 469,900 your answer is correct What is Matlock's net income in 2017? Assume a 35 tax rate in all years. tuet income 305,435 Compute the cumulative effect of the change in accounting principle from weighted average to FIFO inventory pricing. su efects LINK TO TUXE