*Exercise 22-5 Presented below are income statements prepared on a LIFO and FIFO basis for Metlock Company, which started operations on January 1, 2016. The company presently uses the LIFO method of pricing its inventory and has decided to switch to the FIFO method in 2017. The FIFO income statement is computed in accordance with the requirements of GAAP. Metlock's profit-sharing agreement with its employees indicates that the company will pay employees 10% of income before profit-sharing. Income taxes are ignored. LIFO Basis FIFO Basis 2017 2016 2017 2016 $3,010 $3,010 $3,010 $3,010 950 980 Sales Cost of goods sold Operating expenses Income before profit- sharing Profit-sharing expense Net income 9801,060 980 1,150 980 980 8801,050 9701,080 105 $792 $945$870 $975 105 100 Answer the following questions. If comparative income statements are prepared, what net income should Metlock report in 2016 and 2017? (Round answers to 0 decimal places, e.g. 125.) 2017 2016 Net income