In January 2024, Happy Corporation changed its inventory cost flow assumption from FIFO to average. Happy's cost of goods sold for each year since its inception (2022) under both methods are summarized below: FIFO Average 2022 310,000 383,000 2023 400,000 460,000 Total 710,000 843,000 Prepare the journal entry for this change in accounting principle in January 2024. Ignore income tax