"On December 31, Year 18, Oriole, 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 $3650000 increase in the beginning inventory at January 1, Year 18. Assume a 30% income tax rate. The cumulative effect of this accounting change on beginning retained earnings is"

		$0.00
		"$1,095,000.00 "
		"$2,555,000.00 "
		"$3,650,000.00 "