! Required information [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: Unit Units Cost Inventory, December 31, prior year For the current year: 2,920 $13 Purchase, April 11 8,920 14 Purchase, June 1 7,940 19 Sales ($51 each) 10,880 Operating expenses (excluding income tax expense) $193,000 2. Compute the difference between the pretax income and the ending inventory amount for the two cases. Pretax income Ending inventory Case A FIFO Comparison of Amounts Case B LIFO Difference