Problem 6-4A The manapement of Skysong, Inc. is reevaluating the appropriateness of using its present inventory cost tlow method, which is average-cost. The company requests your help in detenmining the results ot operations r 2019 if either the riro or the LIro method had been used. For 2019, the accounting records show these data: Purchases and Sales $14,000 Total net sales (190,000 units) Total cost of goads purchased 1D,OD Becinning (7,000 units) Ending (17,DIO units) Purchases ware mada quartarly as follaws Quarter Units Unit Cost Total Cost $747,000 units) 447,000 50,000 40,000 40,000 $2.10 $105,000 2.25 2.40 2.60 156,000 96.000 447,0no Operating expenses were $130,00, and tha company's income tax rate is 40%. Prepare comparative condensed income statements for 2019 under FIFO and LTFO FIFO