Karen 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		$78,900		$87,300
2020		84,500		88,800
2021		86,900		90,300
2022		92,900		92,900

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.

		Net Income
2019		$
2020		$
2021		$
2022		$

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		$

Assuming that the company switched from the FIFO to the LIFO method, what would be the net income reported on comparative financial statements issued at 12/31/22 for 2019, 2020, and 2021?

		Net Income
2019		$
2020		$
2021		$