Cullumber Construction Company changed from the completed-contract to the percentage- of -completion method of accounting for long term construction contracts during 2021. For tax purposes, the company employs the completed-contract method and will continue this approsch in the future. (Hint: Adjust all taxconsequences through the Deferred Tax Liability account) The appropriate information related to this change is as follows. (a) Assuming that the tax rate is 40%, what is the amount of net income that would be reported in 2021 ? Net income (b) What entry is necessary to adfust the accounting records foc the change in accounsing principle? (Credit account titles are outomatcaly indented when imoint is entered. Do not indent manualy if no entry is required, select "No Entry" for the occount tities and enter ofor the anounts