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: Units 2,910 Unit Cost $14 Inventory, December 31, prior year For the current year Purchase, April 11 Purchase, June 1 Sales ($51 ench) Operating expenses (excluding income tax expense) 8,860 7.860 10,860 15 20 $187,000 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: Units 2,910 Unit Const $14 Inventory, December 31, prior year For the current years Purchase, April 11 Purchase, June 1 Sales ($51 each) Operating expenses (excluding income tax expense) 8,860 7,860 10,860 15 20 $187.000 2. Compute the difference between the pretax income and the ending inventory amount for the two cases. Comparison of Amounts Case A Case B FIFO LIFO Difference Pretax income Ending Inventory int 2. Compute the difference between the pretax income and the ending inventory ences Comparison of Amounts Case A Case B FIFO LIFO Difference Pretax income Ending inventory 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: Units 2,910 Unit Cout $14 Inventory, December 31, prior year For the current yeart Purchase, April 11 Parchose, June 1 Ba len ($51 ch) Operating expenses (excluding income tax expense) 8,860 7.860 10,850 15 20 $187,000 2. Compute the difference between the pretax income and the ending inventory amount for the two cases. Comparison of Amounts Cano A Cose B Firo LIFO Difference Pretax income Ending inventory