! Required information P7-4 (Algo) Analyzing and Interpreting Income Manipulation Under the LIFO Inventory Method L07-2, 7-3 [The following information applies to the questions displayed below.] Pacific Company sells electronic test equipment that it acquires from a foreign source. During the year, the inventory records reflected the following: Units 25 Beginning inventory Purchases Sales (52 units at $24,650 each) Unit Cost $11,670 10,170 Total Cost $ 291,750 416,970 41 Inventory is valued at cost using the LIFO inventory method. P7-4 Part 3 3a. How much did pretax income change because of the decision on December 31, current year? 3b. Assuming that the unit cost of test equipment is expected to continue to decline during the following year, is there any evidence of income manipulation? Complete this question by entering your answers in the tabs below. Req Req 3B How much did pretax income change because of the decision on December 31, current year? Pretax income by