Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: LIFO. (Loss amounts should be indicated with a minus sign.) BECK INC Income Statement For the Year Ended December 31, 2015 Case A Case B LIFO FIFO Cost of goods sold: Goods available for sale Cost of goods sold Pretax income/loss Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: LIFO. (Loss amounts should be indicated with a minus sign.) BECK INC Income Statement For the Year Ended December 31, 2015 Case A Case B LIFO FIFO Cost of goods sold: Goods available for sale Cost of goods sold Pretax income/loss