Please show journal entry and T-accounts

Kroft changes inventory methods in year 2, resulting in a $10,000 increase to beginning inventory in year 2, The tax rate is 30%. The journal entry required to record the change in accounting principles will require a X Sorry, your answer is incorrect Read about this Missedl credit to retained earnings for $7,000. If beginning inventory is increased, ending inventory in the previous year is also increased. Cost of goods sold in previous years decreased, resulting in higher income. $10,000 x (1 30% tax rate) = $7,000 total increase to retained earnings, and a credit is made to retained earnings to adjust the beginning retained earnings. debit to retained earnings for $10,000 If beginning inventory is increased, ending inventory in the previous year is also increased. Cost of goods sold in previous years decreased, resulting in higher income. $10,000 x (1- 30% tax rate) = $7,000 total increase to retained earnings, and a credit is made to retained earnings to adjust the beginning retained earnings. credit to inventory for $10,000. credit to retained earnings for $3,000. Challenge