Exercise 9-30 Shamrock Ltd., a local retailing concern in the Bronx, New York, has decided to change from the conventional retail inventory method to the LIFO retail method starting on January 1, 2021. The company recomputed its ending inventory for 2020 in accordance with the procedures necessary to switch to LIFO retail. The inventory computed was $217,560. Assuming that Shamrock Ltd.'s ending inventory for 2020 under the conventional retail inventory method was $210,156, prepare the appropriate journal entry on January 1, 2021. (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 o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1