Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2 : 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: UFO. 2. Compute the difference between the pretax income and the ending inventory amount for the two cases. 3. Which imventory costing method may be preferred for income tax purposes? Prepare a separate income statement through pretax income that detalls cost of goods sold for (a) Case A: F1FO and (b) Case B: LFO. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: LIFO