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Required information (The following information applies to the questions displayed below) Givoly Inc. uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year. the accounting records provided the following information for product 2: Units 7.700 Unit Cost $ 9 Inventory, December 31, prior year For the current yeart Purchase, March 5 Purchase, September 19 Sale ($30 each) Sale ($32 each) Operating expenses (excluding income tax expense) 7 3 19,700 10,700 8,700 16,700 $407,000 2. Compute the difference between the pretax income and the ending inventory amounts for the two cases. Comparison of Amounts Case A Case B FIFO LIFO Difference Pretax income Ending inventory