Retained earnings reported at the end of 2019 and 2020 was $249 million and $269 million, respectively (reflecting the LIFO method). Those amounts reflecting the FIFO method would have been $259 million and $281 million, respectively. 2020 net income reported th the end of 2020 was $37 million (LIFO method) but would have been $39 million using FIFO. After changing to FIFO. 2021 net income was $45 million. Dividends of $8 million were paid each year. The tax rate is 25%. Required: 1. Prepare the journal entry at the beginning of 2021 to record the change in accounting principle. 2. In the 2020-2021 comparative income statements, what will be the amounts of net income reported for 2020 and 2021 ? 3. Prepare the 2020-2021 retained earnings column of the comparative statements of shareholders' equity. Complete this question by entering your answers in the tabs below. In the 2020-2021 comparative income statements, what will be the amounts of net income reported for (Enter your answers in millions.)