Question 4 5 pts Rock Em Inc began operations in 2018 and used a weighted average inventory method. In 2020, Rawlins decided to change to a FIFO inventory method. The pretax income data is presented below: Year Pretax income with FIFO Pretax income with Weighted Average $210,000 $250,000 $175,000 2018 2019 2020 $240,000 $290,000 $190,000 Assume the company has a 30% tax rate. How much would Rock Em adjust Retained Earnings in 2020 due to the change in inventory methods? O $ 49.000 O $ 70,000 O $59.500 O $ 85.000 Next