In 2022, Jennifer Corporation changed its method of inventory pricing from LIFO to FIFO. Net income computed on a LIFO as compared to a FIFO basis for the four years involved is: (Ignore income taxes.) LIFO FIFO 2019 $78,500 $87,700 2020 84,000 88,900 2021 86,700 90,600 2022 92,200 92,700 (a) Indicate the net income that would be shown on comparative financial statements issued at 12/31/22 for each of the four years, assuming that the company changed to the FIFO method in 2022. (b) 2019 $ 2020 $ 2021 $ 2022 $ Save for Later Net Income Attempts: 0 of 1 used Submit Answer Assume that the company had switched from the average cost method to the FIFO method with net income on an average cost basis for the four years as follows: 2019, $80,400; 2020, $86,120; 2021, $90,300; and 2018, $93,600. Indicate the net income that would be shown on comparative financial statements issued at 12/31/22 for each of the four years under these conditions. Net Income 2019 $ 2020 $ 2021 $ 2022 $ Save for Later Attempts: 0 of 1 used Submit Answer