[单选题]
During Year 2, Orca Corp. decided to change from the FIFO method of inventory valuation to the weighted-average method. Inventory balances under each method were as follows:FIFOWeightedaverageJanuary 1, Year 2USD71,000USD77,000December 31, Year 279,00083,000Orca's income tax rate is 30%.Orca should report the cumulative effect of this accounting change as a(n):
A .Extraordinary item
B .Component of income after extraordinary items
C .Component of income from continuing operations.
D .Adjustment to beginning retained earnings.
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