Question 7 1 pts Firm A and B had identical merchandising operations (bought and sold inventory at the same times and prices) in 2022 but firm A reported higher. income than firm B in 2022 O Firm B prepaid for inventory O if prices were rising during the period. Firm A used FIFO and Firm B used LIFO O If prices were falling during the period, Firm A used LIFO and Firm Bused FIFO O Firm A did not pay for the inventory O If prices were rising during the period, Firm A used LIFO and Firm B used FIFO