Question 19 3 pts Pam Erickson Construction Company changed from the completed-contract to the percentage-of- completion method of accounting for long-term construction contracts during 2015. For tax purposes, the company employs the completed-contract method and will continue this approach in the future. Pretax Income from Percentage-of-Completion Completed-Contract $780,000 $590,000 700.000 480,000 Difference $190,000 220,000 2014 2015 How much will retained earnings be credited as a result of the change? (assume a tax rate of 35%) O $190,000 O $66,500 O $245,000 O $123,500