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In answering the questions below, assume a tax rate of 21% for all periods. Also, assume that John Deere paid all its income taxes in

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In answering the questions below, assume a tax rate of 21% for all periods. Also, assume that John Deere paid all its income taxes in the reporting period in which they are due. 3. Critics of LIFO point out that for companies that use LIFO old prices might be reflected on both the balance sheet and the income statement. a. (3 points) Provide the value of Total Assets on October 30, 2022 (1) as reported on John Deere's financial statements, and (2) when inventories are valued to best reflect current prices. As reported: $ million Using current prices: $ million b. (3 points) Provide the value of Income before income taxes on October 30,2022 (1) as reported on John Deere's financial statements, and (2) when cost of goods sold are valued to best reflect current prices. As reported: S million Using current prices: $ million In answering the questions below, assume a tax rate of 21% for all periods. Also, assume that John Deere paid all its income taxes in the reporting period in which they are due. 3. Critics of LIFO point out that for companies that use LIFO old prices might be reflected on both the balance sheet and the income statement. a. (3 points) Provide the value of Total Assets on October 30, 2022 (1) as reported on John Deere's financial statements, and (2) when inventories are valued to best reflect current prices. As reported: $ million Using current prices: $ million b. (3 points) Provide the value of Income before income taxes on October 30,2022 (1) as reported on John Deere's financial statements, and (2) when cost of goods sold are valued to best reflect current prices. As reported: S million Using current prices: $ million

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