During 2017, Shamrock Inc changed from LIFO to FIFO inventory pricing Shamrock began operations in 2015 and its pretax income in 2016 and 2015 under LIFO was $520,000 and $600,000, respectively Pretax income using FIFO pricing in the prior years would have been $546,000 in 2015 and $660,000 in 2016 In 2017, Shamrock reported pretax income using FIFO pricing of $621,000 Show comparative income statements for Shamrock beginning with Income before income tax, as presented in the 2017 income statement The tax rate for all years is 30 Income before income tax Income tax Net Income A $ 2017 A A A 2016 2015 $ A

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During 2017, Shamrock Inc  changed from LIFO to FIFO inventory pricing  Shamrock began operations in 2015 and its pretax income in 2016 and 2015 under LIFO was $520,000 and $600,000, respectively  Pretax income using FIFO pricing in the prior years would have been $546,000 in 2015 and $660,000 in 2016  In 2017, Shamrock reported pretax income using FIFO pricing of $621,000  Show comparative income statements for Shamrock beginning with  Income before income tax, as presented in the 2017 income statement  The tax rate for all years is 30   Income before income tax Income tax Net Income  A $ 2017 A  A  A 2016 2015 $ A

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During 2017, Shamrock Inc. changed from LIFO to FIFO inventory pricing. Shamrock began operations in 2015 and its pretax income in 2016 and 2015 under

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