Exercise 4-14 Pronghorn 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, Pronghorn changed its inventory pricing to FIFO. The pretax income data is reported below. Year Weighted-Average 2015 2016 2017 $371,800 398,000 411,900 FIFO $415,300 421,100 473,200 Your answer is incorrect. Try again what is Pronghorn's net income in 2017? Assume a 35% tax rate in all years. bosom Net Income LINK TO TEXT Your answer is incorrect. Try again. Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing. Net effect 127,900.00