During 2020, Crane Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2019 and 2018 (Crane's first year of operations) under FIFO was $176,270 and $182,490, respectively. Pretax income using weighted-average pricing in the prior years would have been $160,500 in 2019 and $172,100 in 2018. In 2020, Crane reported pretax income (using weighted- average pricing) of $211,400. Show comparative income statements for Crane, beginning with "Income before income tax," as presented on the 2020 income statement. (The tax rate in all years is 30%.) 2020 Income before income tax $ Income tax $ 2019 $ Net Income $ $ $ eTextbook and Media Save for Later 2018 Attempts: 0 of 3 used Submit Answer