Indicate whether the following items are a (a) change in accounting principle, (b) change in accounting estimate, (c) change in reporting entity, or (d) correction of an error. 1. The controller of H&P Company discovered that inventory held on consignment was counted as part of ending inventory 2. An investment in another company is now considered a subsidiary (due to an increase in ownership interest) and will be consolidated in the financial statement of the H&P Company 3. H&P Company decided to change its inventory cost method from FIFO to the average-cost method