Can someone solve this for A & B?

Open with ACCOUNTING 2010 SPECIAL ASSIGNMENT FALL 2015 Aardvark Company and Bear Company both began operations on 1/1/15. The companies had identical balance sheets at 1/1/15, consisting of the following items: Cash $100,000 12,000 Merchandise Inventory (3,000 units at $4 each) Delivery trucks Note payable (10%) Common stock 85,000 80,000 117.000 During 2015, the two companies had identical transactions. All five transactions described below were cash transactions Purchase: 3/1/15 (5,000 units at S6 cach) 30,000 Purchase: 5/1/15 (6,000 units at $9 cach) 54.000 Sales: 8/1/15 (11.200 units) 172.000 Selling expenses paid at various dates 24.000 Administrative expenses paid at various dates 20,000 The note is due with interest on 1/1/16. The delivery trucks have a useful life of five years with a total expected salvage value of $15,000. Both companies have a 30% income tax rate, and all income taxes for 2015 will be paid in 2016 A Aardvark Company wishes to report as high a net income as possible. Prepare a 2015 income statement and a 12/31/15 balance sheet for Aardvark. Choose the depreciation method and inventory cost flow assumption that will result in the highest net income. B. Bear Company wishes to report as low a net income as possible. Prepare a 2015 income statement and a 12/31/15 balance sheet for Bear. Choose the depreciation method and inventory cost flow assumption that will result in the lowest net income. Page 1 - Q +