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. Note: Do not round intermediate calculations. Round your answers to nearest whole dollar amount.

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Use a vertical model to show the Year $3$ balance sheet under FIFO, LIFO, and weighted average. $($Hint: Record the events under an accounting equation before preparing the statements.$)$ Note: Do not round intermediate calculations. Round your answers to nearest whole dollar amount.

a$.$ 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$-1.$ Use a vertical model to show the Year $3$ income statement under FIFO, LIFO, and weighted average. $($Hint$.$ Record the events

under an accounting equation before preparing the statements.$)$

b$-3.$ Use a vertical model to show the Year $3$ statement of cash flows under FIFO, LIFO, and weighted average. $($Hint$.$ Record the events under an accounting equation before preparing the statements$)$

$$ Answer is complete but not entirely correct.

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Use a vertical model to show the Year $3$ statement of cash flows under FIFO, LIFO, and weighted average. $($Hint: Record the events under an accounting equation before preparing the statements.$)$

Note: Do not round interm. indicated by a minus sign.