In March 2023, Ivanhoe Inc. decided to change from the FIFO method of valuing inventory to the weighted average method. Because prices were rising, cost of sales were higher and ending inventory lower for the preceding period by $19,600. Ivanhoe's tax rate is 25%, and previously reported retained earnings were $133,000. (a1) (a2) Your answer is partially correct. Prepare the adjusting journal entry. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)