Macintosh Inc. changed from LIFO to the FIFO inventory costing method on January 1, 2021. Inventory values at the end of each year since the inception of the company are as follows: FIFO 2019 $202,000 2020 404,000 Required: LIFO $181,000. 362,000) Ignoring income tax considerations, prepare the entry to report this accounting change. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the accounting change. Note: Enter debits before credits. Date January 01, 2021 Inventory Retained earnings General Journal Debit Credit I