Comparing Inventory Methods Assume that a firm separately determined inventory under FFO and UFO and then compared the results. a. In each dropdown that follows, select the correct sign [less than ( ), greater than ( > ), or equal ( (=) ] for each comparison, assuming periods of rising prices. b. Why would management prefer to use LIFO over FIFO in perlods of rising prices? 1. Income shown on the company's tax return would be lower if LIFO rather than FIFO is used. 2. Income shown on the company's tax return would be higher if LiFO rather than FIFO is used. 3. Cost of poods sold shown on the companv's income statement would be lower if UFO rather than FIFO is used. 4. Dividends shown on the company's financial statements would be highor if tifo father than fifo is used