Brief Exercise 4-6 During 2017, Larkspur Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2016 and 2015 (Larkspur's first year of operations) under FIFO was $162,140 and $181,860, respectively. Pretax income using weighted-average pricing in the prior years would have been $153,100 in 2016 and $174,200 in 2015. In 2017, Larkspur reported pretax income (using weighted-average pricing) of $205,200. Show comparative income statements for Larkspur, beginning with "Income before income tax," as presented on the 2017 income statement. (The tax rate in all years is 25%.) 2017 2016 2015 Income before income tax Income tax Net Income LINK TO TEXT VIDEO. SIMILAR EXERCISE