1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: LIFO Answer is not complete. BROADHEAD COMPANY Income Statement For the Year Ended December 31, current year Case A FIFO Case B LIFO Sales revenue $ 563,160 $ 563,160 Cost of goods sold Beginning inventory S 39,200 39.200 Purchases 240,380 240,380 Goods available for sale 279,580 279,580 Ending inventory 144,020 110,120 Cost of goods sold 135,560 169,460 Gross profit Operating expenses