Exercise 21-8 Linden Corporation started operations on January 1, 2012, and has used the FIFO cost formula since its inception. In 2018, it decides to switch to the weighted average cost formula. You are provided with the following information. Retained Earnings (Ending Balance) Net Income Under Weighted Average Cost $101,300 84,400 92,600 145,900 299,700 320,800 Under FIFO $113,000 193,000 276,000 398,000 656,000 856,000 Under FIFO 2012 $113,000 2013 2014 2015 137,000 2016 308,000 2017 315,000 90,000 98,000 Answer the following, ignoring income tax considerations