= Homework: Week Four Question 14, BE21-4 (similar to) HW Score: 4.76%, 1 of 21 points O Points: 0 of 1 Save Sanchez Construction Company elected to change its method of accounting from the percentage-of-completion method to the completed-contract method. Prior-years income (cumulative) would have been $330,000 lower if Sanchez had always used the completed contract method. The company is subject to a 40% tax rate. Prepare the journal entry to record the change in method. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Cash Construction in Progress Deferred Tax Asset Deferred Tax Liability Inventory Miscellaneous Expense Current Year Clear all Check answer Retained Earnings Help me solve this Etext pages Get more help - Type here to search 68F Cloudy 12:50 PM 2/3/2022