Exercise 22-14 Below is the net income of Anita Ferreri Instrument Co., a private corporation, computed under the three inventory methods using a periodic system FIFO Average Cost LIFO 2012 2013 2014 2015 $26,251 29,960 29,458 34,147 $22,465 25,346 26,078 29,174 $20,032 20,278 24,963 26,192 (Ignore tax considerations.) (a) Assume that in 2015 Ferreri decided to change from the FIFO method to the average-cost method of pricing inventories. Prepare the journal entry necessary for the change that took place during 2015, and show net income reported for 2012, 2013, 2014, and 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit 01 2013 01 Net income s