all data on the table.Also can you explain how do you get cost of good sold?

Assume that there are payable on December 5 year period The Dreyfus Company is starting in business on December 31, 20x0 In each half year, from 20x1 through 20X3, it expects to purchase 1,000 units and it expects to sell 500 units for the amounts listed in the following table. In 20X4it expects to purchase and sell 500 units in each half year. In 20x5, It expects to purchase no units and sell all remaining units for the amount indicated in the following table (Click the icon to view the purchase and sale data) Read the requirement Requirement 1. What was net income under FIFO for each of the 5 years? Under UFO? Show calculations Begin by calculating the net income under FIFO for each of the 5 years, then compute the totals for the 5 year period. (Round your answers to the nearest whole Dreyfus Company Income Statement Data table FIFO 20X1 Sales $ 9,000 20X1 20X2 20X3 20X4 20X5 Cost of goods sold Purchases Income before taxes First 6 months $ 1.000 $ 3,000.5 5,500 5 2.750 Tax expense 3,000 5.500 Second 6 months 4.500 3,500 C Net Income Total 5 4000 $ 7,500 $ 11 000 $ 6,250 $ Sales (at selling price) 9,000 5 9.000 $ 9,000 $ 9,000 $ 18,000 Print Done