Not sure if I'm on the right track. Also, part 2

Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units Unit Cost $ 12 2,850 Inventory, December 31, prior year For the current year: Purchase, April 11 Purchase, June 1 Sales ($52 each) Operating expenses (excluding income tax expense) 8,940 7,980 10,990 13 18 $ 194,000 Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (6) Case B: LIFO. EMILY COMPANY Income Statement For the Year Ended December 31, current year Case A FIFO 571,480 Case B LIFO $ 571,480 Sales revenue Cost of goods sold: Beginning inventory Purchases $ 34,200 $ 34,200 259,860 259,860 Goods available for sale Ending inventory 294,060 1,877,720 294,060 521.690 Cost of goods sold Gross profit Operating expenses 194,000 194,000 Pretax income Required information (The following information applies to the questions displayed below.) Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units 2,850 Unit Cost $ 12 Inventory, December 31, prior year For the current year: Purchase, April 11 Purchase, June 1 Sales ($52 each) Operating expenses (excluding income tax expense) 8,940 7,980 10,990 13 18 $ 194,000 2. Compute the difference between the pretax income and the ending inventory amount for the two cases. Comparison of Amounts Case A Case B FIFO LIFO Difference Pretax income Ending inventory