Exercise 4-14 Cheyenne Company began operations in 2015 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2017, in accordance with other companies in its industry, Cheyenne changed its inventory pricing to FIFO. The pretax income data is reported below. Weighted-Average FIFO Year $382,100 $398,800 2015 426,900 2016 398,700 466,900 421,100 2017 What is Cheyenne's net income in 2017? Assume a 35% tax rate in all years. Net Income LINK TO TEXT Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing. Net effect LLINK TO TT Show comparative income statements for Cheyenne Company, beginning with income before income tax, as presented on the 2017 income statement. 2016 2015 2017 Income before income tax Income tax Net income Open Show Work Click if you would like to Show Work for this question: I TBUC TO TEYT