Question 10 of 10 1.03/10 III Your answer is partially correct. Prepare partial income statements for 2022 through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, e.g. 125.25.) (1) Specific identification method assuming: (i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,300 liters from the March 3 purchase; and (ii) The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 450 liters from March 1; 550 liters from March 3; 2,900 liters from March 10; 1,100 liters from March 20. (2) FIFO (3) LIFO Sales revenue Beginning inventory Purchases Beginning inventory Cost of goods sold Gross profit/(Loss) eTextbook and Media CORONADOINC. Income Statement (partial) For the Year Ended December 31, 2022 Specific Identification $ FIFO LIFO