Problem 6-4A The management of Coronado Industnes asks your help in determining the comparative effects of the FIFO and uro nventory cost now methods. For 2017, the accounting records show these data. Inventory, January 19,940 units) Cost of 121,880 units purchased Selling price of 99,560 units sold Operating expenses $ 33,796 464,748 791,800 122,700 Units purchased consisted of 32,720 units at 3.60 on May 10; 62,000 units at $3.80 on August 15; and 27,160 units at $4.10 on November 20. tncome taxes are 27%. (a) Prepare comparative condensed income statementsfor 2017 under FIFo and LIFO. (Round answers to o declmal places, e.g. 5, 125.) Coronado Industries FIFO Click if you would like to Show Work for this question: Op Show Work