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B. On January 1, 2022, Bevins Company decided to change from LIFO to FIFO due to better remresentation of the flow of inventory and costs. Bevins started the business in 2020. The following Bevin's tax rate is 25%. The IRS requires the company to pay back the income tax saved from using LIFO for previous years. Required ( 9 points): Prepare the journal entry necessary to record the change on 1/1/2022