During December Year 2, Crowe Company sold 125 units @ $225 each. Cash selling and administrative expenses for the year were $11,000. All transactions were cash transactions. The following information is also available:

Beginning inventory	60 units @ $100
April 18 purchase	90 units @ $115
August 5 purchase	30 units @ $120

The company's income tax rate is 30%.

Required:

a-1) Prepare an income statement for Crowe Company for Year 2 assuming FIFO inventory cost flow.

a-2) Prepare an income statement for Crowe Company for Year 2 assuming LIFO inventory cost flow.