ATV Compary began ogerations on Maych 1 and uses a perpelial inventory syitem if entered into prirchasers and sales for March as Shown in the Tableau Davhtoatd 1. The CEO has asked you to help her decide whethet to use LIFO of FFO for inventory costing. Compute the gross profit earned by the company for both LIFO and FIFO 2. The CEO's bonus is calculated using net income before income taves if the CEO wishes to maximize her bonus, which of the following methods would you recommend? 3. Alternatively, the CEO desires the method that minimizes income taxes paid by the company in the current year. If income taxes are based on a percentage of net income, which method would you recommend to the CEO? Complete this question by entering your answers in the tabs below. The CEO has arked you to help her decide whether to use If o or fifo for inventory costing, Compute the gross profit earned toy the company for be Permetuallithor 1. The CEO has asked you to help her decide whether to use LIFO or FIFO for inventory costing. Compute the company for both LIFO and FIFO. 2. The CEO's bonus is calculated using net income before income taxes. If the CEO wishes to maximize he following methods would you recommend? 3. Alternatively, the CEO desires the method that minimizes income taxes paid by the company in the curre based on a percentage of net income, which method would you recommend to the CEO? Complete this question by entering your answers in the tabs below. The CEO has asked you to help her decide whethin to use LIFO or FIFO for inventory costing. Compute the grosi by the company for both LIFO and FIFO