Below is the net income of Marigold Instrument Co., a private corporation, computed under the three inventory methods using a periodic system. FIFO Average-Cost LIFO 2023 $25,100 $21,800 $19,000 2024 28,700 24,100 19.400 2025 28,300 26,200 23.300 2026 31,200 27,400 23.500 (Ignore tax considerations.) (a1) (a2) Assume that in 2026 Marigold decided to change from the FIFO method to the average-cost method of pricing inventories. Show net income reported for 2023, 2024, 2025, and 2026. Net income (b1) Save for Later 2026 $ 2025 2024 201 Attempts: 0 of 1 used Submit Answer