How do I find the selling&Administrative cost for 20x1, 20x2 and 20x3.

Also please help me solve the aftertax income for all 3 please

P-31: Inflation and inventory accounting effect (Lo5) The Canton Corporation shows the following income statement (below). The firm bses Fifo inventory accoutiting. a) Assume in 20X2 that the same 17,600 unit volume is maintained, but that the sales price increases by 10 percent Because of Firo inventory policy, old inventory will still be charged offats 57 per unit. Also assume selling and administrative expense will be 5 percent of sales and depreciation Will be unchanged. The tax rate is 30 percent Compute aftertax income for 202. b) In part o, by what percent did aftertax income incease as a result of a 10 percent increase in the sales price? Explain why this impact took place. c) Now assume that in 203 the volume remains constant at 17,600 units, but the sales price decreases by 15 percent from its year 202 level. Nso, becatse of FIFO inventory policy, cost of goods sold reflects the inflationary conditions of the prior year and is 5750 per unit. Further, assume selling and administrative expense will te 5 percent of sales and depreciation will be unchanged. The tax rate is 30 percent. Compute the aftertax income, P-31: Inflation and inventory accounting effect (LO5) The Canton Corporation shows the following income statement (below). The firm uses FiFo inventory accounting. o) Assume in 202 that the same 17,600-unit volume is maintained, but that the sales price increases by 10 percent. Because of FIFO inventory policy, old inventory will still be charged off at $7 per unit. Also assume selling and administrative expense will be 5 percent of sales and depreciation will be unchanged. The tax rate is 30 percent. Compute aftertax income for 202. b) In parto, by what percent did aftertax income increase as a result of a 10 percent increase in the sales price? Explain why this impact took place. c) Now assume that in 203 the volume remains constant at 17,600 units, but the sales price decreases by 15 percent from its year 202 level. Also, because of FIFO inventory policy, cost of goods sold reflects the inflationary conditions of the prior year and is $7.50 per unit. Further, assume selling and administrative expense will be 5 percent of sales and depreciation will be unchanged. The tax rate is 30 percent. Compute the aftertax G Income \% Change 17%