Dividends of $23 million were paid each year. Feris fiscal year ends December 31 . Required: 1. Prepare the joumal entry at the beginning of 2024 to record the change in accounting principle. (Ignore income taxes.) 2. Prepare the 2024-2023 comparatve income statements. 3. \& 4. Determine the balance in retained earnings at January 1, 2023, as Fleri reported using FiFO method and determine th adjustment of balance in retained earnings as on January 1,2023 using average method instead of FIFO method. Complete this quetion by entering your answers in the tabs below. Determine the balance in retained earnings at January 1, 2023, as Fien reported using Fifo method and determine the adjustment of balance in retained earnings as on January 1.2023 using average method instead of flFo method