nt 0 Required information [The following information applies to the questions displayed below.] The following information pertains to the inventory of Parvin Company for Year 3: January 1 April 1 October 1 Beginning inventory 400 units $19 Purchased 2,700 units $24 Purchased 1,000 units @ $25 During Year 3, Parvin sold 3,485 units of inventory at $42 per unit and incurred $18,000 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30 percent income tax rate. Parvin started the period with cash of $191,400, inventory of $7,600, common stock of $175,000, and retained earnings of $24,000. c. Determine the cash flow from operating activities under FIFO and LIFO. Note: Round intermediate calculations and final answers to the nearest whole dollar amount. Cash outflows should be indicated with minus sign. FIFO LIFO ences Net cash flow from operating activities