In 2024, the Barton and Barton Company changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 2023, B \& B's inventories were $32.2 million (FIFO). B \& B's records indicated that the inventories would have totaled $23.9 million at December 31,2023 , if determined on an average cost basis. Ignoring income taxes, what journal entry will B \& B use to record the adjustment in 2024 ? Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet Note: Enter debits before credits. Irwin, Incorporated constructed a machine at a total cost of $45 million. Construction was completed at the end of 2020 and the machine was placed in service at the beginning of 2021. The machine was being depreciated over a 10-year life using the sum-of-theyears'-digits method. The residual value is expected to be $1 million. At the beginning of 2024 , Irwin decided to change to the straightline method. Ignoring income taxes, prepare the journal entry relating to the machine for 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet Record the entry relating to the machine for 2024. Note: Enter debits before credits. Three programmers at Feenix Computer Storage, Incorporated, write an operating systems control manual for Hill-McGraw Publishing, Incorporated, for which Feenix receives royalties equal to 12% of net sales. Royalties are payable annually on February 1 for sales the previous year. The editor indicated to Feenix on December 31,2024, that book sales subject to royalties for the year just ended are expected to be $290,000. Accordingly, Feenix accrued royalty revenue of $34,800 at December 31 and received royalties of $35,290 on February 1, 2025. What adjustments, if any, should be made to retained earnings or to the 2024 financial statements? Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record adjustments to be made to retained earnings for 2024 financial statements. Note: Enter debits before credits