3 During 2020, Fresh Express Company sold 2,220 units of its product on September 20 and 2,050 units on December 22, aflat a price of $71 per unit. Incurring operating expenses of $10 per unit sold, it began the year with and made successive purchases of the product as follows: Ant 410 units 516 per unit January 1 beginning Inventory Purchases February 20 ation May 16 1,310 units 518 per unit 510 units $22 per unit 3.110 units $23 per unit 5,540 units Ask December 11 Total Print References Required: Prepare a comparative income statement for the company, showing in adjacent columns the profits earned from the sale of the product, assuming the company uses a perpetual inventory system and prices its ending inventory on the basis of (a) FIFO and (b) Moving weighted average (Round "Cost per unit" to 2 decimal places. Do not Round intermediate calculations. Round your final answers to 2 decimal places.) FRESH EXPRESS COMPANY Income Statement Comparing FIFO and Moving Weighted Average Inventory Costing Mothods For Year Ended December 31, 2070 Moving Weighted FIFO Average Cost Cost of goods sold Operating expenses Gross pro Operating expenses MC 3