Required information Skip to question [The following information applies to the questions displayed below.] Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units Unit Cost Inventory, December 31, prior year 2,960 $ 11 For the current year: Purchase, April 11 8,850 12 Purchase, June 1 7,970 17 Sales ($59 each) 10,970 Operating expenses (excluding income tax expense) $ 190,000 2. Compute the difference between the pretax income and the ending inventory amount for the two cases.