Durting 20x1, Lutwig Compary changed its accounting principal with respent to recogrizing warranty expense: At Jonuary 1 , 20xt, the unrecorded tiability for warrarties was $2.9m illon. Ludwig's tax rate is 30%. As a result of this change, the fim would: Muriche Choice. Repurt s arior period sofastrient decreasing rethined earnings try. 32,030.000. Hebort a Drior period actuatrert decleating retained eamangs ty \$stro.000 Brpon a cuyert peetad charge decreasing net incerse by 12.030.000 Report a cuarm period chuge decieasing net income by 1 droogo