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D ) Tamer Ashour - Tamally | X B Coronado Company has reco X Course Hero X WP NWP Assessment Player UI A| X WP
D ) Tamer Ashour - Tamally | X B Coronado Company has reco X Course Hero X WP NWP Assessment Player UI A| X WP Ch 4: Lab X + X C https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=e4692006-19d-48bb-a9c6-e79522d8c560. - Ch 4: Lab Question 1 of 6 6/ 18 E Show Attempt History Current Attempt in Progress Your answer is partially correct. During 2020, Williamson Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2019 and 2018 (Williamson's first year of operations) under FIFO was $160,000 and $180,000, respectively. Pretax income using weighted-average pricing in the prior years would have been $145,000 in 2019 and $170,000 in 2018. In 2020, Williamson reported pretax income (using weighted-average pricing) of $180,000. Show comparative income statements for Williamson, beginning with "Income before income tax," as presented on the 2020 income statement. (The tax rate in all years is 30%.) 2020 2019 2018 Income before income tax $ 170000 145000 180000 Income tax 51000 43500 54000 Net Income 119000 $ 101500 126000 A O ENG 3:20 PM 2/4/2022 4
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