Income is to be evaluated under four different situations as follows: a. Prices are rising: (1) Situation A: FIFO is used. (2) Situation B: LIFO is used. b. Prices are falling: (1) Situation C: FIFO is used. (2) Situation D: LIFO is used. The basic data common to all four situations are sales, 500 units for $20,000; beginning inventory, 310 units; purchases, 410 units; ending inventory, 220 units; and operating expenses, $3,600. The income tax rate is 30%. Required: Complete the following tabulation for each situation. In Situations A and B (prices rising), assume the following: beginning inventory, 310 units at $10 = $3,100; purchases, 410 units at $12 = $4,920. In Situations C and D (prices falling), assume the opposite; that is, beginning inventory, 310 units at $12 = $3,720; purchases, 410 units at $10 = $4,100. Use periodic inventory procedures. (Ignore the values, most of them are wrong, please fill the ones that have the blue box around them)

Complete the following tabulation for each situation. In Situations A and B (prices rising), assume the following: beginning inventory, 310 units at $10=$3,100; purchases, 410 units at $12=$4,920. In Situations C and D (prices falling), assume the opposite; that is, beginning inventory, 310 units at $12=$3,720; purchases, 410 units at $10=$4,100. Use periodic inventory procedures. (Round your answers to nearest dollar amount.)