Question 3 of 3 072 View Policies Show Attempt History Current Attempt in Progress The following comparative information is available for Culver Corporation for 2022 LIFO FIFO Sales revenue 594,000 $94.000 38.000 32,800 28.000 28.000 Cost of goods sold Operating expenses including deprecation) Depreciation Cath paid for inventory purchases 9.000 9.000 13680 127680 (a) Your Anwe Correct Answer Used) Determine net income undertach approach Assume a 30 tax rate LIFO FIFO Not Income 19.000 Determine net income under each LIFO FIFO Net Income 19,600 $ 23240 b (6) x Your answer is incorrect Determine net dy provided by operating activities under each approach. Assume that all sales were on a cash basis and that income taxes and operating expenses, other than depreciation were on a cash basis LIFO FIFO Net cash provided by operating actvities 33120 e Textbook and Media Savas Attempts: 2 of 3 used SA