Macintosh Inc. changed from LIFO to the FIFO inventory costing method on January 1, 2022. Cost of goods sold for each year since the inception of the company are as follows:

	FIFO	LIFO
2020	$200,000	$180,000
2021	400,000	360,000

Required:

Ignoring income tax considerations, prepare the journal entry to report this accounting change.