Need helpThanks!

The management of Sandhill Inc. asks for your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2027, the accounting records show these data. Units purchased consisted of 42,000 units at $3.70 on May 10, 72,000 units at $3.9 on August 15 , and 30,000 units at $4.20 on November 20 . Income taxes are 28%. (a) Prepare comparative condensed income statements for 2027 under FIFO and LIFO. (Round answers to O decimal places, e.g. 5,125.) SANDHILL INC: Condensed Income Statements For the Quarter Ended December 31, 2027 Operating Expenses Income before Income Taxes Income Tax Expense Net Income / (Loss)