Please complete the attached problems. It involves corrections in financial statements.

Gordon Company started operations on January 1, 2009, and has used the FIFO method of inventory valuation since its inception. In 2014, it decides to switch to the average cost method. You are provided with the following information. 2009 2010 2011 2012 2013 2014 Net Income Under FIFO Under Average-Cost $101,600 $91,360 70,830 65,750 90,330 79,320 119,710 130,890 299,970 293,850 304,480 310,410 Retained Earnings (Ending Balance) Under FIFO $100,700 159,940 234,700 340,030 590,660 779,660 (a) What is the beginning retained earnings balance at January 1, 2011, if Gordon prepares comparative financial statements starting in 2011? $ Retained earnings, January 1 (b) What is the beginning retained earnings balance at January 1, 2014, if Gordon prepares comparative financial statements starting in 2014? $ Retained earnings, January 1 (c) What is the beginning retained earnings balance at January 1, 2015, if Gordon prepares singleperiod financial statements for 2015? $ Retained earnings, January 1 (d) What is the net income reported by Gordon in the 2014 income statement if it prepares comparative financial statements starting with 2012? 2012 Net Income $ 2013 $ 2014 $ Click if you would like to Show Work for this question: Open Show Work