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The following information applies to the questions displayed below. Income is to be evaluated under four different situations as follows: a. Prices are rising: (1) Situation A: FIFO is used. 2) Situation B: LIFO is used b. Prices are falling: (1) Situation C: FIFO is used. (2) Situation D: LIFO is used. The basic data common to all four situations are: sales, 512 units for $19,968; beginning inventory, 292 units; purchases, 388 units; ending inventory, 168 units; and operating expenses, $3,900. The income tax rate is 40%. value: Required information 10.00 points Required 1 Complete the following tabulation for each situation in Situations A and B prices rising assume the following: beginning inventory, 292 units at $10 = $2,920; purchases, 388 units a $11 = $4,268. In Situations C and D prices falling assume the opposite; that is, beginning inventory 292 units at $11-S3212, purchases 388 units at $10 = $3,880Use periodic inventory procedures.(Round your answers to nearest dollar amount.)