I need help with this question: The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014: Cash $ 19,200 Beginning inventory 19,110 (210 units @ $91) Common stock 15,700 Retained earnings 22,610 The following five transactions occurred in 2014: 1. First purchase (cash) 120 units @ $93 2. Second purchase (cash) 195 units @ $101 3. Sales (all cash) 360 units @ $197 4. Paid $14,900 cash for salaries expense. 5. Paid cash for income tax at the rate of 25 percent of income before taxes. Required a. Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted-average cost flow. (Do not round intermediate calculations and round your answers to nearest whole dollar amount.) b-1. Use a vertical model to prepare the 2014 income statement under FIFO, LIFO, and weighted average. (Do not round intermediate calculations and round your answers to nearest whole dollar amount.) b-2. Use a vertical model to prepare the 2014 balance sheet under FIFO, LIFO, and weighted average. (Do not round intermediate calculations and round your answers to nearest whole dollar amount.) b-3. Use a vertical model to prepare the 2014 statement of cash flows under FIFO, LIFO, and weighted average. (Do not round intermediate calculations and round your answers to nearest whole dollar amount. Amounts and amounts to be deducted should be indicated with a minus sign.) ReferenceseBook & Resources eBook: LO 5-6 Explain how different inventory cost flow methods (specific identification, FIFO, LIFO, and weighted average) affect financial statements. Check my work