Broadhead Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units Unit Cost Inventory, December 31, prior year For the current year: 2,870 $12 Purchase, April 11 Purchase, June 1 Sales ($56 each) Operating expenses (excluding income tax expense) 8,930 7,880 10 15 10,890 $193,500 value: 10.00 points Required 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: LIFO BROADHEAD COMPANY Income Statement For the Year Ended December 31, current year Case A FIFO Case B LIFO es revenue $609,840 S 609,840 Cost of goods sold Beginning inventory Purchases 34,440 207,500 $34,440 207,500 Goods available for sale 241,940 241,940 128,700 Ending inventory 95,040 Cost of goods sold ross profit 113,140 146,900 rating expenses x incorme