During 2021, Colombo Company changed its inventory costing method from FIFO to weighted average method. Inventory balances were as follows:                                        FIFO              Weighted Ave. As of January 1          7,200,000             7,700,000 As at December 31   7,900,000              8,300,000 Ignoring income tax, what is the amount of the effect of the accounting change in the statement of changes in equity for 2021? a. 900,000 b. 600,000 c. 500,000 d. 400,000

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