0/9 View Policies Show Attempt History Current Attempt in Progress Whispering Construction Company changed from the completed-cootract to the percentage of-completion method of accounting for long term consuruction contracts during 2021 . For tux purposes, the compary employs the completed-contract metiod and will (a) Assuming that the tax rate is 30%, what is the amount of net income that would be reported in 2021 ? Netincorne (b) What entry is necessary to adjust the accounting records for the change in accounting principle? (Credit account titles are outomotically indented when amount is entered, Do not indent monually, If no entry is required, seiect "No Entry" for the account titles and enter 0 for the amounts)