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During 2020. Windsor Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2019 and 2018 (Windsor's first year of operations) under FIFO was
During 2020. Windsor Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2019 and 2018 (Windsor's first year of operations) under FIFO was $173,170 and $187,360, respectively. Pretax income using weighted average pricing in the prior years would have been $161,700 in 2019 and $187,600 in 2018. In 2020, Windsor reported pretax income (using weighted average pricing) of $205,400. Show comparative income statements for Windsor, 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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