17. Based on the above, which method would show a larger net income number? (FIFO, LIFO or WA) Use the following to answer questions 1821 LO Inc., begins the year with inventory of $17,500 and ends the year with inventory of $23,100. During the year, the following amounts are recorded: 18. $ Net Sales 19. $ Calculate cost of goods sold 20. $ Gross profit 21 \% Gross profit ratio (rounded to once decimal place)