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:

The following information applies to the questions displayed below Broachead 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 2,930 $ 13 Purchase, April 11 Purchase, June 1 Sales ($56 each) Operating expenses (excluding income tax expense) 8,890 7.990 0,960 16 $190,000 elue: 10.00 points Required information 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 revenue S 613,760 $613,760 Cost of goods sold: Beginning inventory Purchases Purchases 38,090 97,790 127,840 263,720 38,090 97.790 127.840 263,720 Goods available for sale Ending inventory Cost of gocds sold s profit ng expenses retax income