Jerry and ben industries Inc began operations on January 1, 2013. In 2015, the company changes from the completed-contract method to the percentage-of-completion (POC) method for financial reporting purposes (for tax purpose te company will continue to use the complete-contract method An analysis of pretax income for 2013, 2014 and 2015 is shown below Prepare the 2015 journal entry to record the change from the completed-contarct to the percentage-of-completion method (assume a 40% tax rate) what would jerry and ben industries report as net income for 2015? Do financial statements have to be restated? Yes No Jerry & Ben Industries Partial Income Statement For the year ended December 2015