Exercise 22-2 Whispering Company began operations on January 1, 2015, and uses the average-cost method of pricing inventory. Management is contemplating a change in inventory methods for 2018. The following information is available for the years 2015-2017 Net Income Computed Using FIrO Method Lro $18,810 15,B60 12,090 4,140 2016 2017 19,970 (a) Prepare the journal entry necessary to record a change from the average cost method to the FIFO method in 2018. (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.) (b) Determine net income to be reported for 2015, 2016, and 2017, after giving effect to the change in accounting principle. 015 2017 (c) Assume Whispering Company used the LIFO method instead of the average cost method during the years 2015-2017. In 2018, Whispering changed to the FIFO method. Prepare the journal entry necessary to record the change in principle. (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.) SHOW LEST L OF 8COOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 1 used SASE IFOR LATER