Candy changes inventory methods in year $2,$ resulting in a $$20,000$ increase to beginning inventory in year $2.$ The tax rate is $40\%.$ The journal entry required to record the change in accounting principles will require $($Select all that apply.$)$ Multiple select question. debit to inventory for $$20,000$ debit to retained earnings of $$8,000.$ credit to retained earnings for $$12,000$ credit to taxes payable of $$20,000$