company changes from the completed-contract method to the percentage-of-completion method when the contract was approximately two-thirds complete. However, the percentage that was complete at the end of each specific prior year-end cannot be determined. Which of the following decribes the correct entry or entries that will be used to record this change? Select answer from the options below A credit to Contract Asset/Liability. A debit or credit to Retained Earnings in the amount of the difference for those prior years, net of income tax. A debit to Loss on Long-term Contracts, or a credit to Gain on Long-term Contracts in the amount of the difference from the prior years, net of income tax. A debit to Deferred Tax Liability