Can I get help with this question? Ill upvote if the answer is correct :)

Thank you in advance! For the 2nd question i got 20k is that right?

On December 31, 2011, Lillis Company adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was determined to be $300,000. Inventory data for succeeding years follow: Year Ending inventory at year-end cost Cost Index 2012 $363,000 1.10 2013 420,000 1.20 2014 442,000 1.30 Additional information shows that purchases of inventory in 2014 are $950,000 and sales are $2,000,000 Calculate the gross profit that Lillis will report on its December 31, 2014 income statement. $962,000 O $1,038,000 0 $1,050.000 None of other answer choices is correct Warehouse Goods began business on January 1, 2020. During 2020, Warehouse Goods recorded the following: Purchases of inventory, at cost: $400,000 Purchases of inventory, at retail value: $800,000 Net Markups $200,000 Net Markdowns $400.000 Sales $300,000 Warehouse Goods applies the conventional retail inventory method. What amount of gross profit will Warehouse Goods report on its 2020 Income Statement? O $20,000 $18.000 $12.000 None of other answer choices is correct