ZOZ ZOS 189 FIFO (Old) 105,000 stion 90,000 250,000 Weighted Average (New) 85,000 70,000 200,000 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 2003: 20X2 20X3 Retained Earnings, Jan. 1, previously reported Adjustment for cumulative effect on prior years of applying change retrospectively Retained Earnings, Jan. 1, as adjusted Net Income 111 Retained Earnings, Dec. 31 What amount will be shown in the 20x2 column on the "Retained Earnings, Jan. 1, as adjusted" line? Select one: a. $105,000 b. $155,000 c. $85,000 d. $175,000 $195.000