fb) Explaiti (c) Following are the selected information about inventory of LOTUS Corporation for the period ended December 31, 2020: Beginning Inventory (January 1, 2020) 25,000 units; Tk. 60,000 Cost of purchase 85,000 units: Tk. 2,72,000 Selling price of 92,000 units: Sold Tk. 5,52,000 Operating expenses of Tk. 1,05,000 Units purchased during the period were : Date Units Rate Tk. Total Tk. May 15, 2020 35,000 2.90 1.01,500 July 20, 2020 20,000 3.10 62.000 September 10, 2020 25,000 3.00 175.000 November 5, 2020 5.000 6.70 33,500 "Total 85,000 2,72,000 You are required to prepare a comparative condensed income statement for 2020 under FIFO and LIFO method