Pearl Company started operations on January $1,2020,$ and has used the FIFO method of inventory valuation since its inception. In $2026,$ it decides to switch to the average$-$cost method. You are provided with the following information.

$\backslash$table$[[$Net Income,$\backslash$table$[[$Retained Earnings$],[($Ending Balance$)],[$Under FIFO$]]],[,$Under FIFO,Under Average$-$Cost$],[2020,$$$93,000,$$$84,000,$$$96,500$