Pearl Construction Company changed from the completed-contract to the percentage-of-completion method of accounting for long-term construction contracts during 2018. For tax purposes, the company employs the completed-contract method and will continue this approach in the future. (a) Assuming that the tax rate is 35%, what is the amount of net income that would be reported in 2018? (b) What entry is necessary to adjust the accounting records for the change in accounting principle