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: Unita 2,910 Unit Cost $12 Inventory, December 31, prior year For the current years Purchase, April 11 Purchase, June 1 Sales (551 each) Operating expenses (excluding income tax expense) 8,940 7.900 10,990 13 10 $189,000 Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (by Case B: LIFO EMILY COMPANY Income Statement For the Year Ended December 31, current year Case A FIFO Case B LIFO Cost of goods sold Goods available for sale Cost of goods sold