The Chippewa Company decided to change from FIFO to Weighted Average late in Year 20X3. Year 20X1 was the first year of operations. The Statement of Retained Earnings for year-end 12/31/X3 shows two columns, 20X2 and 20X3: What amount will be shown in the 20X2 column on the "Retained Earnings, Dec. 31" line?

FIFO (Old) Weighted Average (New) Net Income 20X1 Net Income 20X2 Net Income 20X3 90,000 105,000 250,000 70,000 85,000 200,000