Oriole Inc., a real estate developing company, was accounting for its long-term contracts using the completed contract method prior to 2021. In 2021, it changed to the percentage-of-completion method. The company decided to use the same for income tax purposes. The tax rate enacted is 40%. Income before taxes under both the methods for the past three years appears below. 2019 2020 2021 Completed contract $465000 $309000 $153000 Percentage-of-completion 765000 387000 285000 Which of the following will be included in the journal entry made by Oriole to record the income effect? OA debit to Retained Earnings for $154200 A debit to Retained Earnings for $232200 Acredit to Retained Earnings for $232200 A credit to Retained Earnings for $154200