The management of Utrillo Instrument Company had concluded, with the concurrence of its independent auditors, that results of operations would be more fairly presented if Utrillo changed its method of pricing inventory from last-in, first-out (LIFO) to average-cost in 2014. Given below is the 5-year summary of income under LIFO and a schedule of what the inventories would be if stated on the average-cost method.

UTRILLO INSTRUMENT COMPANY STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEARS ENDED MAY 31
2010	2011	2012	2013	2014
Salesnet	$13,964		$15,506		$16,673		$18,221		$18,898
Cost of goods sold
Beginning inventory	1,000	1,100	1,000	1,115	1,237
Purchases	13,000	13,900	15,000	15,900	17,100
Ending inventory	(1,100)	(1,000)	(1,115)	(1,237)	(1,369)
Total	12,900		14,000		14,885		15,778		16,968
Gross profit	1,064	1,506	1,788	2,443	1,930
Administrative expenses	700		763		832		907		989
Income before taxes	364	743	956	1,536	941
Income taxes (50%)	182		372		478		768		471
Net income	182	371	478	768	470
Retained earningsbeginning	1,206		1,388		1,759		2,237		3,005
Retained earningsending	$1,388		$1,759		$2,237		$3,005		$3,475
Earnings per share	$1.82		$3.71		$4.78		$7.68		$4.70

SCHEDULE OF INVENTORY BALANCES USING AVERAGE-COST METHOD FOR THE YEARS ENDED MAY 31
2009	2010	2011	2012	2013	2014
$1,010	$1,124	$1,101	$1,270	$1,500	$1,720

Prepare comparative statements for the 5 years, assuming that Utrillo changed its method of inventory pricing to average-cost. Indicate the effects on net income and earnings per share for the years involved. Utrillo Instruments started business in 2009.(Enter negative amounts using either a negative sign preceding the number e.g. -15,000 or parentheses e.g. (15,000). Round all amounts except EPS to the nearest whole dollar, e.g. 5,275. Round Earnings Per Share to 2 decimal places, e.g. 1.62.)

UTRILLO INSTRUMENT COMPANY Statement of Income and Retained Earnings For the Years Ended May 31
2010	2011	2012	2013	2014
Salesnet	$	$	$	$	$
Cost of goods sold
Beginning inventory
Purchases
Ending inventory
Total
Gross profit
Administrative expenses
Income before taxes
Income taxes
Net income
Retained earningsbeginning:
As originally reported
Adjustment
As restated
Retained earningsending	$	$	$	$	$
Earnings per share	$	$	$	$	$

I only need the adjustment, as restated and ending retained earnings.