Courtney Company uses a periadic inventory system. The following data were available: beginning inventory, 3,000 units at $30; purchases, 4,500 units at S35; operating expenses (excluding income taxes), S101,500; ending inventory per physical count at December 31, 1,750 units; sales price per unit, 80; and average income tax rate, 30%. Required: 1. Prepare income statements under the FIFO, LIFO, and weighted average costing methods. (Do not round Intermed ate calculations. Round amount.) your final answers to the nearest dolla Weighted Average Statement Units FIFO LIFO Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Income Tax Expense Net Income Units FIFO LIFO Cost of Goods Sold Beginning Inventory Goods Available for Sale Ending Inventory Cost of Goods Sold 2-a. Between FIFO and LIFO, which method is preferable in terms of maximizing income from operations, if costs are nsing? OLIFO FIFO 2-b. Between FIFO and LIFO, which method is preferable in terms of minimizing income taxes, if costs are rising? OLIFO FIFO