Prepare comparative condensed income statements for 2017 under FIFO and LIFO GRESA INC Condensed Income Statements For the Year Ended December 31, 2017 FIFO LIFO s1087450 1087450 Sales Revenues Cost of Goods Sold Beginning Inventory 20000 20000 Cost of Goods Purchased 596500 596500 Cost of Goods Available for Sale v Ending Inventory Cost of Goods Sold Gross Profit (Loss) Operating Expenses Income before Income Taxes v Income Tax Expense Net Income (Loss)