How would yhou make a FIFO 2008 from a LIFO for this question?

If Merrimack Tractors and Mowers were to adopt FIFO as of January 1, 2008, how would this affect the financial statements (Balance sheets, Income statements, and Cash flow)? You may assume the 10,000 per quarter of unite sales for 2008.

Income Statement (thousands of dollars) a This amount is commonly referred to as the LIFO Reserve. b Sales of 40,000 units occurred at a rate of 10,000 units in each quarter during 2007. Income Statement (thousands of dollars) a This amount is commonly referred to as the LIFO Reserve. b Sales of 40,000 units occurred at a rate of 10,000 units in each quarter during 2007