anyone can help?, please make sure every column can be seen clearly. thank you so much!

Springer Anderson Gymnastics prepared its annual financial statements dated December 31. The company reported its inventory using the LIFO inventory costing method but did not compare the cost of its ending inventory to its market value (replacement cost). The preliminary income statement follows: Sales Revenue 158,600 Cost of Goods Sold Beginning Inventory $ 19,580 Purchases 100,000 Goods Available for Sale 119,500 Ending Inventory 35,278 Cost of Goods Sold 84,230 Gross Profit 73,77e Operating Expenses 35,500 Income from Operations 38,278 Income Tax Expense (304) 11,481 Net Income $ 26,789 Assume that you have been asked to restate the financial statements to incorporate the LCM/NRV rule. You have developed the following data relating to the ending inventory: Item A B C D Quantity 1,95 800 4.400 1,950 Purchase Cost Replacenent Cost per Per Unit Total Unit $ 3.90 $.7,605 $4.98 4.25 3,400 2.90 2.90 12,760 1.45 5.90 11.505 3.90 $ 35,270 Required: 1. Restate the income statement to reflect LCMNRV valuation of the ending inventory Apply LCMNRV on an item-by-item basis 2. Compare the LCM/NRV offect on each amount that was changed in the preliminary income statement in requirement 1. Required: 1. Restate the income statement to reflect LCM/NRV valuation of the ending inventory. Apply LCM/NRV on an item-by-item basis. 2. Compare the LCM/NRV effect on each amount that was changed in the preliminary income statement in requirement 1. Complete this question by entering your answers in the tabs below. WA Required 1 Required 2 Restate the Income statement to reflect LCM/NRV valuation of the ending Inventory. Apply LCM/NRV on an Itern-by-item basis. SPRINGER ANDERSON GYMNASTICS Income Statement (LCM/NRV basis) For the Year Ended December 31 Sales Revenue Cost of Goods Sold Beginning Inventory Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Income Tax Expense Net Income 1. Restate the income statement to reflect LCM/NRV valuation of the ending inventory. Apply LCM/NRV on an item-by-item basis. 2. Compare the LCM/NRV effect on each amount that was changed in the preliminary income statement in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compare the LCM/NRV effect on each amount that was changed in the preliminary income statement in requirement 1. (Decreases should be indicated by a minus sign.) LIFO Cost LCM/NRV Amount of Item Changed Increase Basis Basis (Decrease) Ending Inventory Cost of Goods Sold Gross Profit Income from Operations Income Tax Expense Net Income