PART II: Caterpillar - uses LIFO to value its ending inventory and cost of goods sold The following data was collected from Caterpillar's 10-K filed with the SEC. in the table below Calculations to convert LIFO to FIFO: Please fill in the following amounts the table for the first two rows 1) By how much would net income have increased in 2020 if the FIFO costing inventory method had been used instead of LIFO? 2) By how much would have ending inventory decreased in 2020 if the FIFO costing method had been used instead of LIFO? If we had not changed Caterpillar's numbers to FIFO (as used by Westinghouse), who turns over their inventory faster After changing Caterpillar's numbers to FIFO (as used by Westinghouse), who turns over their inventory faster? Although we still see Caterpillar sells its inventory faster, do your conclusions change