Headlands Store uses a perpetual inventory system. Last year they reported the following result Sales $ 1,070,000 Sales returns $ 17,000 Sales discounts $ 64,000 Gross profit margin using FIFO 26 % Gross profit margin using weighted average 27 % Operating expenses $216,140 Indicate, by using lower, for higher, and same, how, comparatively, the following income statement and balance sheets amour will be impacted by the choice of inventory cost formula during a time of falling prices. FIFO Weighted average Cost of goods sold Gross profit and profit Ending inventory Owner's equity Cash flow