Required information [The following information applies to the questions displayed below.] The following information pertains to the inventory of Parvin Company for Year 3: Beginning inventory 500 units @ $19 Purchased 2,700 units @ $24 Purchased 900 units @ $25 January 1 April 1 October 1 During Year 3, Parvin sold 3,485 units of inventory at $44 per unit and incurred $18,400 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30 percent income tax rate. Parvin started the period with cash of $108,000, inventory of $9,500, common stock of $94,000, and retained earnings of $23,500. c. Determine the cash flow from operating activities under FIFO and LIFO. Note: Round intermediate calculations and final answers to the nearest whole dollar amount. Cash outflows should be indicated with minus sign. Net cash flow from operating activities FIFO LIFO

Required information [The following information applies to the questions displayed below] The following information pertains to the inventory of Parvin Company for Year 3 : January1April1October1Beginninginventoryseaunits$19Purchased2,700units$24Purchased900unitse$25 During Year 3, Parvin sold 3,485 units of inventory at $44 per unit and incurred $18,400 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30 percent income tax rate. Parvin started the period with cash of $108,000, inventory of $9,500, common stock of $94,000, and retained earnings of $23,500. c. Determine the cash flow from operating activities under FIFO and LIFO, Note: Round intermediate calculations and final answers to the nearest whole dollar amount. Cash outflows should be indicated with minus sign