The Rockwell Corporation uses a periodic inventory system and has used the FIFO cost method since inception of the company in 1982 in 2021, the company decided to change to the average cost method. Data for 2021 are as follows $270.900 Beginning inventory. FIFO (6,208 units @ $49.00) Purchases: 6,300 units 549.00 6,300 units $53.00 Cost of goods available for sale Sales for 2021 (10,600 units 583.00) $308,700 333.900 642,600 5913,500 5879.800 Additional information 1. The company's effective income tax rate is 25% for all years, 2. If the company had used the average cost method prior to 2021, ending inventory for 2020 would have been $245,700 3.8.300 units remained in inventory at the end of 2021 Required: 1. Prepare the journal entry at the beginning of 2021 to record the change in principle, 2. In the 2021-2019 comparative financial statements, what will be the amounts of cost of goods sold and inventory reported for 2021? Complete this question by enteri... Journal entry worksheet 1 Record the change in accounting principle. Hote: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View camera 1. Prepare the joumal entry at the beginning of 2021 to record the change in principle. 2. In the 20212019 comparative financial statements, what will be the amounts of cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 In the 2021-2019 comparative financial statements, what will be the amounts of cost of go 2021? Cost of goods sold Inventory