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During 2025, Bonita Company changed from FIFO to weighted average inventory pricing. Pretax income in 2024 and 2023 (Bonita's first year of operations) under

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During 2025, Bonita Company changed from FIFO to weighted average inventory pricing. Pretax income in 2024 and 2023 (Bonita's first year of operations) under FIFO was $174,100 and $197,880, respectively. Pretax income using weighted average pricing in the prior years would have been $151,800 in 2024 and $182,000 in 2023. In 2025, Bonita reported pretax income (using weighted- average pricing) of $203,000. Show comparative income statements for Bonita, beginning with "Income before income tax," as presented on the 2025 income statement. (The tax rate in all years is 30%.) Income before income tax Income tax Net income 2025 2024 2023

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