i need help with the red parts thank you

The management of Felipe Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is average cost. The company requests your help in determining the results of operations for 2022. if either the FIFO or the LIFO method had been used. For 2022, the accounting records show these data: Inventories Beginning (7.000 units) Ending ( 17,000 units) $14.000 Purchases and Sales Total net sales ( 180.000 units) Total cost of goods purchased (190,000 units) $ 747.000 466,000 Purchases were made quarterly as follows Quarter Units Unit Cost Total Cost 1 50.000 $ 220 $110.000 2 40.000 2.35 94.000 3 40.000 250 100,000 60.000 2.70 162.000 190,000 $466,000 Operating expenses were $ 130.000, and the company sincome tax rate is 40% Felipe Inc. Condensed Income Statements For the Year Ended December 31, 2022 FIFO LIFO Sales Revenues $ 747000 $ 747000 Cost of Goods Sold Beginning Inventory 14000 14000 i Cost of Goods Purchased 466000 466000 Cost of Goods Available for Sale 480000 480000 Ending Inventory 52700 40000 Cost of Goods Sold 503300 516000 Gross Pront/Loss) 243700 231000 Operating Expenses 1300001 130000 Income before income Tasces 113700 101000 Income Tax Expense 45480 40400 Net income (Loss) 68220 60600