Compute the cost of goods sold and ending inventory, assuming $(1)$ FIFO cost flow, $(2)$ LIFO cost flow, and $(3)$ weighted$-$average cost flow. Compute the income tax expense for each method.b$.$ Record the above transactions in general journal form and post to T$-$accounts assuming each of the cost flows listed. Assume perpetual inventory system is used$\mathrm{.}1.$ FIFO$2.$ LIFO$3.$ Weighted Averagec. Use a vertical model to show the Year $2$ income statement, balance sheet, and statement of cash flows under FIFO, LIFO, and weighted average.