E22-1 (LO1) (Change in Principle-Long-Term Contracts) Pam Erickson Construction Company changed from the com pleted-contract to the percentage-of-completion method of accounting for long-term construction contracts during 2018. For tax purposes, the company employs the completed-contract method and will continue this approach in the future. (Hint: Adjust all ax consequences through the Deferred Tax Liability account.) The appropriate information related to this change is as follows E22-1 (LO1) (Change in Principle-Long-Term Contracts) Pam Erickson Construction Company changed from the com pleted-contract to the percentage-of-completion method of accounting for long-term construction contracts during 2018. For tax purposes, the company employs the completed-contract method and will continue this approach in the future. (Hint: Adjust all ax consequences through the Deferred Tax Liability account.) The appropriate information related to this change is as follows