Oriole Company began operations in 2018 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2020, in accordance with other companies in its industry, Oriale changed its inventory pricing to FI FO. The pretax income data is reported below Welghted- Year FIFO Average 2018 $373.100 $412,000 2019 408.500 434.600 2020 418.500 466 900 What is Orlole's net income in 2020? Assume a 35 % tax rate in all years Net Income $ eTextbook and Media Compute cumulative effect of the change in accounting principle from weighted- average to FI FO inventory pricing. Net effect $ eTextbook and Media Show comparative income statements for Orlole Company. beginning with income before income tax, as presented on the 2020 income statement 2020 2019 2018 Income before income tax S S Income tax Net Income