In 2020, Bevas Company decided to change from LFO to FIFO due to better representation of the flow of inventory and costs. Bevins started the business in 2018: Bevin's tax rate is 35\%. The following analysis was provided by management Required: 1. Propare the joumal enty necessary to record the change. 2. What amount of net income would Bevins report in 2019, 2019, and 2020? 1. Prepare the journal entry necessary to record the change on December 31 . General Journal Instructions 2. What amount of net income would Frost report in 2018, 2019, and 2020 after the change and restatement? Additional instruction