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During 2020, Tamarisk Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2019 and 2018 (Tamarisk's first year of operations) under FIFO was
During 2020, Tamarisk Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2019 and 2018 (Tamarisk's first year of operations) under FIFO was $ 162, 140 and $ 181,860, respectively. Pretax income using weighted-average pricing in the prior years would have been $ 153,100 in 2019 and $ 174,200 in 2018. In 2020, Tamarisk reported pretax income (using weighted average pricing) of $ 205,200. Show comparative income statements for Tamarisk, 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 $ $ $ Income tax Net Income $ $ $
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