ons Help Laste was econas ago + CD TI 13.5 . ial = 15 E 2 3 4 5 In 2022, Sandra 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.) I US Kieso, Intermediate Accounti Help | System Announcements 5 Testbank Exercise 80 In 2022, Sandra Corporation chang taxes.) 2019 2020 LIFO $79,000 84,700 86,100 92,800 FIFO $87,600 88,100 90,600 92,000 2021 2022 Indicate the net income that would be Net Income CALCULATOR PRINTER VERSION BACK NEXT 2021 90,600 2022 92,000 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 20217 Net Income 2019 2020 $ 2021 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used LAVE FOR LATER SUBMET ANSWER 2 3 4 5 6 7 8 0