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: 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 336 units, unit sales price $52. Expenses, $1,590 3. Rank the three methods in order of income taxes paid (favorable cash flow) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Computer cost of goods sold under the FIFO, CFO, and average cost inventory costing methods (Round Intermediate calculation to 2 decimal places. Round your answers to the nearest whole dollar amount) FIFO LIFO Average Cost of goods sold Beginning wventory (99 526) PNC 930 Goods are the Enverter 28 11.172 15,740 11172 16740 11 172 1670 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement through pretax income for each method. Sales, 336 units; unit sales price, $52; Expenses, $1,590 FIFO LIFO Average Cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Rank the three methods in order of income taxes paid (favorable cash flow). FIFO LIFO Average cost