On December 31, 2021, Sandhill, Inc. appropriately changed its inventory valuation method to FIFO cost from weighted-average cost for financial statement and income tax purposes. The change will result in a $3300000 increase in the beginning inventory at January 1, 2021. Assume a 30% income tax rate. The cumulative effect of this accounting change on beginning retained earnings is O $0. O $990000. O $2310000. O $3300000