The Strawser-Morris Corporation uses a periodic inventory system and has used the FIFO cost method since inception of the company in 1985. In 2024, the company decided to change to the average cost method. Data for 2024 are as follows: 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 2024, ending inventory for 2023 would have been $216,000. 3. 8,000 units remained in inventory at the end of 2024 . Required: 1. Prepare the journal entry at the beginning of 2024 to record the change in principle. 2. In the 2024-2022 comparative financial statements, what will be the amounts of cost of goods sold and inventory reported for 2024? Complete this question by entering your answers in the tabs below. In the 2024-2022 comparative financial statements for 2024 ? Journal entry worksheet Record the change in accounting principle. Note: Enter debits before credits