Consider the following scenarios (Click the icon to view the scenarios) Required For each of the scenarios, determine the effects (if any) of the accounting change (conection of error, change in accounting policy, or change in estimate) on the relevant asset or lability, equity, and comprehensive income in the year of change and the prior year. Change in estimate b. Correction of an error Change in accounting policy Prospective Retrospective Retrospective COLD- Next, determine the effects of any) of the accounting change on the relevant asset or sability, equity, and comprehensive income in the year of change and the prior year. (For any accounts unaffected, select "No eft" in the Change column and leave the amount column blank. For the Asset or Liability account, select "Iner A" to indicate an increase in an asset, "Decr. L' for decrease in liability, and so on) Year prior to change Asset or Year of accounting change Asset or Change Liability Change Equity Change Income Change Liability Change Equity Change Income Amount Amount Amount No off No off Not Amount Dear A 3,500 Dec Amount 3,500 Amount Decr 3.500