Prepare a pro$-$forma income statement of $2008,$ assuming the unit sales pattern was $10,000,5,000,20,000,5,000$ units in the four quarters. Exhibit $2$ Pro$-$forma Income Statement, $2007$ and $2008$ for reel mower units if no change in

Inventory Accounting

$2007($LIFO$)2008($LIFO$)$

Units Per Unit Cost

$($$$000)$

Units Per Unit Cost

$($$$000)$

Beginning Inventory $15,00090013,50015,00090013,500$

Purchases, Quarter $110,0001,00010,00010,0001,40014,000$

Purchases, Quarter $210,0001,10011,00010,0001,50015,000$

Purchases, Quarter $310,0001,20012,00010,0001,60016,000$

Purchases, Quarter $410,0001,30013,00010,0001,70017,000$

Available for Sale $55,00059,50055,00075,500$

Less Sales $40,00046,00040,000$

Ending Inventory $15,00013,50015,000$