d. Income Before Taxes e. Net Income 14.000.00 Fill in the blanks. (greater or less than) LIFO COGS 1) FIFO COGS is 2) FIFO ending inventory is (greater or less than) LIFO ending inventory 3) Net Income for a company using FIFO will be (greater or less than) a company that uses LIFO If ending inventory is understated: (Fill in with overstated or understated) 4) COGS is 5) Net Income is 6)Ending Retained Earnings are 7) Stockholder's Equity is 8)Assets are