please provide detailed answers to steps 1,2,and step 4 thank you

Journal entry worksheet Complete this question by entering your answers in the tabs below. Determine the net income to be reported in the 2021-2020 comparative income statements. (Do not inoung intermedilate calculations, Enter you answers in millions ( i.e., 10,000,000 should be entered as 10).) Millington Materials is a leading supplier of building equipment, building products. materials, and timber for sale. Witthe ove branches across the Mid-South. On January 1, 2021, mana The following table presents information concarninu w The income tax rate for all years is 25%. The 1. Prepare the journal entry to record the change in accounting principle. 2. Determine the net income to be reported in the 20212020 comparative income statements. 4. Indicate the affect of the change in the 20212020 comparative statements of shareholders' equity assuming cash dividends were Complete this question by entering your answers in the tabs below. Indicate the affect of the change in the 2021-2020 comparative statements of shareholders' equity assuming cash dividends were $4 million each year and that no dividends were paid prior to 2020 . (Do not round intermediate calculations. Enter your Journal entry worksheet Complete this question by entering your answers in the tabs below. Determine the net income to be reported in the 2021-2020 comparative income statements. (Do not inoung intermedilate calculations, Enter you answers in millions ( i.e., 10,000,000 should be entered as 10).) Millington Materials is a leading supplier of building equipment, building products. materials, and timber for sale. Witthe ove branches across the Mid-South. On January 1, 2021, mana The following table presents information concarninu w The income tax rate for all years is 25%. The 1. Prepare the journal entry to record the change in accounting principle. 2. Determine the net income to be reported in the 20212020 comparative income statements. 4. Indicate the affect of the change in the 20212020 comparative statements of shareholders' equity assuming cash dividends were Complete this question by entering your answers in the tabs below. Indicate the affect of the change in the 2021-2020 comparative statements of shareholders' equity assuming cash dividends were $4 million each year and that no dividends were paid prior to 2020 . (Do not round intermediate calculations. Enter your