Change in Inventory Methods: Entries and Reporting Pier2 Company computed net income under the following two inventory methods for the recent four years. listed chronologkaily. Ignore income taxes. - Note: if a fournal entry isn't required on any of the dates shown for the requirements below, select "N/A-debit and "N/A-credit" as the account namres and leave the answers blank (zero). a. Prepare the journal entry on jantary 1 of Year 4 , assuming the company changed from average cost to fFO at the beginning of Year 4 , - Note: if a joumal entry isnt required on any of the dates shown for the requirements below, select "N/A-debit" and "N/A-credit" as the account ciames and lea answers blank (zero). a. Prepare the journal entry on January 1 of Year 4, assuming the company changed from average cost to fifo at the beginning of Year-4. b. Assuming the change in part a, compute net income only as feported in comparative income statements for Year 4 . Year 3. and Year 2. C. Prepare the journal entry on January 1 of Year 4 , assuming the company changed from Fifo to average cost at the beginning of Year 4 . d. Assuming the change in part c, compute net income only as reported in comparative income statements for Year 4, Year 3, and Year 2 e. Instead assume that the company changes from FIFO to LFO at the beginning of Year 4 . The company is unable to estimate the LFO amounts for earlier years. What entry does company recerd for the change in accounting method on January 1 of Year 4