Durling 2022 (Its first year of operations) and 2023. Flerl Foods used the FIFO Inventory costing method for both financlal reporting and tax purposes. At the beginning of 2024, Flerl decided to change to the average method for both financlal reporting and tax purposes. Income components before Income tax for 2022, 2023, and 2024 were as follows: Dividends of $39 million were pald each year. Flerl's fiscal year ends December 31. Required: 1. Prepare the Journal entry at the beginning of 2024 to record the change In accounting principle. (Ignore Income taxes.) 2 Prepare the 2024-2023 comparatlve income statements. 3. \& 4. Determine the balance In retalned earnings at January 1, 2023, as Flerl reported using FIFO method and determine the adjustment of balance in retained earnings as on January 1, 2023 using average method Instead of FIFO method. Complete this question by entering your answers in the tabs below. Prepare the journal entry at the beginning of 2024 to record the change in accounting principle. (Ignore income taxes.) Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answers in millions (i.e, 10,000,000 should be entered as 10). Journal entry worksheet Note: Enter debits before credits