Following is partial information for the Income statement of Audio Solutions Company under three different inventory costing methods, assuming the use of a periodic inventory system: Required: FIFO LIFO Average Cost Cost of goods sold Beginning inventory (400 units) $ 11,200 $ 11,200 $ 11,200 Purchase (475 units) 16,625 16,625 16,625 Goods availabl3e for sale 27,825 27,825 27,825 Ending inventory (525 units) 18,025 15,575 16,695 Cost of goods sold $ 9,800 $ 12,250 $ 11,130 2. Prepare an income statement through pretax income for each method. Sales, 350 units; unit sales price, $50; Expenses, $1,700 FIFO LIFO Average Cost Sales revenue Following is partial information for the Income statement of Audio Solutions Company under three different inventory costing methods, assuming the use of a periodic inventory system: Required: FIFO LIFO Average Cost Cost of goods sold Beginning inventory (400 units) $ 11,200 $ 11,200 $ 11,200 Purchase (475 units) 16,625 16,625 16,625 Goods availabl3e for sale 27,825 27,825 27,825 Ending inventory (525 units) 18,025 15,575 16,695 Cost of goods sold $ 9,800 $ 12,250 $ 11,130 2. Prepare an income statement through pretax income for each method. Sales, 350 units; unit sales price, $50; Expenses, $1,700 FIFO LIFO Average Cost Sales revenue