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The management of Sheridan Co, asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2022, the accounting records show these data. Inventory, January 1 (10,000 units) $44,000 Cost of 100,000 units purchased 502,000 Selling price of 84,000 units sold 735,000 Operating expenses 140,000 Units purchased consisted of 35,000 units at $4.80 on May 10, 35,000 units at $5.00 on August 15; and 30,000 units at $5.30 on November 20. Income taxes are 30%. SHERIDAN CO. Condensed Income Statement FIFO >