The Lawrence Company began its operations on January 1, 2013, and used the LIFO method of accounting for its inventory. On January 1. 2015, Lawrence Company adopted FIFO in accounting for its inventory. The following information is available regarding cost of goods sold for each method: Assuming a tax rate of 30% and the same accounting change adopted for tax purposes, how would the effect of the accounting change be reported in opening retained earnings on the 2015 financial statements? +$360,000 adjustment +$252.000 adjustment no adjustment ($700,000) adjustment