Question: Talbert, Inc. changed from the weighted average cost formula to the FIFO cost formula in 2017. The increase in the prior year's income before tax

Talbert, Inc. changed from the weighted average cost formula to the FIFO cost formula in 2017. The increase in the prior year's income before tax as a result of this change is $228,000. The tax rate is 30%. Prepare Talbert's 2017 journal entry to record the change in accounting policy, assuming that the company's financial statements are reliable and more relevant as a result of the change.

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