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Please Answer the (b) part of the question The following comparative information is available for Buffalo Industries for 2022. LIFO FIFO Sales revenue $77,400 $77,400

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The following comparative information is available for Buffalo Industries for 2022. LIFO FIFO Sales revenue $77,400 $77,400 Cost of goods sold 34,200 26,100 Operating expenses (including depreciation) 24,300 24,300 Depreciation 9,000 9,000 Cash paid for inventory purchases 28,800 28,800 (a) Determine net income under each approach. Assume a 30% tax rate. LIFO FIFO Net income $ $ (b) Determine net cash provided by operating activities under each approach. Assume that all sales were on a cash basis and that income taxes and operating expenses, other than depreciation, were on a cash basis. LIFO FIFO Net cash provided by operating activities Attempts: 0 of 4 used Submit Answer Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 3

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