Problem 6-8B Income statement comparisons and cost flow assumptionsperpetual LO2,3 CHECK FIGURE: a. Profit, FIFO = $51,130 During 2017, the Blizzard Company sold 1,350 units of its product on May 20 and 1,700 units on October 25, all at a price of $51 per unit. Incurring operating expenses of $7 per unit in selling the units, it began the year with, and made successive purchases of, units of the produc as follows: January 1 Beginning inventory..... Purchases: April 2 June 14 Aug. 29. Total 610 units costing $29 per unit 810 units 320 units 1,340 units 3,080 units @ $28 per unit $27 per unit @ $26 per unit Required Prepare a comparative income statement for the company for 2017, showing in adjacent columns the profits earned from the sale of the product, assuming the company uses a perpetual inventory system and prices its ending inventory on the basis of: a. FIFO b. Moving weighted average cost. Round unit costs to two decimal places.