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aconnect All applicable Problems in Series A are available in Connect. Problem 5-19A Effect of different inventory cost flow methods on financial The accounting records of Wall's China Shop reflected the following balances as of January 1. Year 2: a. Cost of Goods Sold FIFO: $62,650 LO 5-1 statements CHECK FIGURES b. Net Income LIFO: $22,012 $80,100 Cash Beginning inventory Common stock Retained earnings 33,000 (220 units$150) 50,000 63,100