! 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 2,870 $15 For the current year: Purchase, April 11 8,840 16 Purchase, June 1 7,900 21 Sales ($57 each) 10,950 Operating expenses (excluding income tax expense) $189,000 2. Compute the difference between the pretax income and the ending inventory amount for the two cases. Comparison of Amounts Pretax income Ending inventory Case A FIFO Case B LIFO Difference