Pharoah 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 Average$-$Cost,Under FIFO$],[2020,$$$109,100,$$$99,300,$$$103,400$