Following is partial information for the income statement of Arturo Technologies Company under three different inventory costing methods, assuming the use of a periodic inventory system: Required: 1. Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods. 2. Prepare an income statement through pretax income for each method. Sales, 200 units; unit sales price, $70; Expenses, $1,500 3. Rank the three methods in order of preference based on income taxes pald (favorable cash flow). Complete this question by entering your answers in the tabs below. Compute cost of goods sold under the FFO, LIFO, and average cost inventory costing methods. Prepare an income statement through pretax income for each method. Sales, 200 units; unit sales price, $70; Expenses, $1,500 Note: Use the COGS amount from Required 1. Complete this question by entering your answers in the tabs below. Rank the three methods in order of preference based on income taxes paid (favorable cash flow)