Givoly incorporated uses a periodic inventory system. At the end of the annual accountina norind nanazt if of the current year, the accounting records provided the following information w 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: LIFO. 2. Compute the difference between the pretax income and the ending inventory amounts for the two cases. 3. Which inventory costing method may be preferred for income tax purposes? Complete this question by entering your answers in the tabs below. Prepare a separate income statement through pretax income that details cost B: L.1FO