2. The board of directors of Osaka Corporation is considering whether or not it should instruct the accounting department to change from a first-in, first-out (FIFO) basis of pricing inventories to an average-cost basis. The following information is available. Sales 20,000 units @ 50 Inventory, January 1 6,000 units @ 20 Purchases 6,000 units @ 22 10,000 units @ 25 7,000 units@ 30 Inventory, December 31 9,000 units @? Operating expenses 200,000 Instructions Prepare an income statement for the year on both bases for comparative purposes (round to two decimal places)