Described below are six Independent and unrelated situations Involving accounting changes. Each change occurs during $2024$ before any adjusting entrles or closing entrles were prepared. Assume the tax rate for each company is $25\%$ in all years. Any tax effects should be adjusted through the deferred tax llability account.

a$.$ Fleming Home Products Introduced a new line of commercial awnings in $2023$ that carry a one$-$year warranty against manufacturer's defects. Based on industry experience, warranty costs were expected to approximate $2\%$ of sales. Sales of the awnings in $2023$ were $$3,900,000.$ Accordingly, warranty expense and a warranty llability of $$78,000$ were recorded in $2023.$ In late $2024,$ the company's claims experlence was evaluated, and It was determined that claims were far fewer than expected: $1\%$ of sales rather than $2\%.$ Sales of the awnings in $2024$ were $$4,400,000,$ and warranty expenditures in $2024$ totaled $$100,100.$

b$.$ On December $30,2020,$ Rival Industries acquired its office building at a cost of $$1,080,000.$ It was depreclated on a straight$-$line basis assuming a useful life of $40$ years and no salvage value. However, plans were finalized in $2024$ to relocate the company headquarters at the end of $2028.$ The vacated office building will have a salvage value at that time of $$740,000.$

c$.$ Hobbs$-$Barto Merchandising. Incorporated, changed inventory cost methods to LIFO from FIFO at the end of $2024$ for both financial statement and income tax purposes. Under FIFO, the inventory at January $1,2024,$ is $$730,000.$

d$.$ At the beginning of $2021,$ the Hoffman Group purchased office equipment at a cost of $$374,000.$ Its useful IIfe was estimated to be $10$ years with no salvage value. The equipment was depreclated by the sum$-$of$-$the$-$years'$-$digits method. On January $1,2024,$ the company changed to the straight$-$line method.

e$.$ In November $2022,$ the State of Minnesota filed sult against Huggins Manufacturing Company, seeking penalties for violations of clean air laws. When the financial statements were issued in $2023.$ Huggins had not reached a settlement with state authorities, but legal counsel advised Huggins that it was probable the company would have to pay $$240,000$ in penalties. Accordingly, the following entry was recorded:

$\backslash$table$[[$Account Name,Debit,Credit$],[\backslash$table$[[$Loss$-$litigation$],[$Liability$-1$itigation$]],240,000,]]$

Late in $2024,$ a settlement was reached with state authorities to pay a total of $$394,000$ in penalties.

f$.$ At the beginning of $2024,$ Jantzen Specialties, which uses the sum$-$of$-$the$-$years'$-$digits method, changed to the stralght$-$IIne method for newly acquired bulldings and equipment. The change increased current year net earnings by $$489,000.$

Required:

For each situation:

Identify the type of change.

Prepare any journal entry necessary as a direct result of the change, as well as any adjusting entry for $2024$ related to the situation described.