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Units 3,000 Unit Cost $8 Transactions a. Inventory, Beginning For the year: b. Purchase, March 5 c. Purchase, September 19 d. Sale, April 15 (sold for $29 per unit) e. Sale, October 31 (sold for $31 per unit) f. Operating expenses (excluding income tax expense), $250,000 9 11 9,500 5,000 4 , 8,000 Saved 4. Prepare an income statement that shows December 31 amounts for the FIFO method in one column and the weighted average method in another column. Include the following line items in the income statement: Sales, Cost of Goods Sold, Gross Profit. Operating Expenses, and income from Operations. (Do not round weighted average cost per unit. Round your final answers to the nearest dollar amount.) SCORESBY INC Income Statement For the Year Ended December 31 FIFO Weighted Average Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations