Splish Company began operations in 2023 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2025, in accordance with other companies in its industry, Splish changed its inventory pricing to FIFO. The pretax income data is reported below. (a) What is Splish's net income in 2025? Assume a 35\% tax rate in all years. Net income \$ eTextbook and Media Attempts: 1 of 3 used (b) Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing