On December 31, 2021, Ajax Corporation appropriately changed its inventory valuation method to FIFO cost from LIFO cost for both financial statement and income tax purposes. The change will result in a $140,000 increase in the beginning inventory at January 1, 2021. Assume a 30 percent income tax rate. Which journal should be used to record the cumulative effect of this accounting change for the years prior to 2021? entry dr. Inventory 140,000 cr. Retained Earnings 42,000 cr. Income Tax Payable 98,000 Odr. Inventory 140,000 cr. Retained Earnings 140,000 dr. Inventory 140,000 cr. Retained Earnings 98,000 cr. Income Tax Payable 42,000 Odr. Retained Earnings 98,000 dr. Income Tax Payable 42,000 cr. Inventory 140,000