Exercise 6-7 The following comparative information is available for Marin Inc. for 2017 LIFO FIFO 93,770 $93,770 38,78029,860 25,970 25,970 10,720 10,720 4,860 34,860 Sales revenue Cost of goods sold Operating expenses (including depreciation) Cash paid for inventory purchases Your answer is incorrect. Try again Determine net income under each approach. Assume a 30% tax rate. LIFO FIFO Net income s