In year $2,5$mmi Corp, changes its inventory method from FFO to the weighted$-$werage method. Under the weighted$-$average method, the year $2$ beginning inventory is

Select all that apply $$3,000$ higher than the FIFO method. The financial statements are revised using the retrospective approach. What are the financial statement effects of the cciange in accounting principle? $($Select all that apply$)$

$$ Year $1$ net income will increase.

Year $1$ retained earnings will increase.

Year $1$ ending inventory will decrease.