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 2,890 $15 Inventory, December 31, prior year For the current year Purchase, April 11 Purchase, June 1 Sales (952 each) Operating expenses (excluding income tax expense) 8,910 7,890 10,950 $186,000 EMILY COMPANY Income Statement For the Year Ended December 31, current year Case A FIFO Case B LIFO P $ 569,400 Cost of goods sold: Beginning inventory Purchases $ $ 43,350 308,250 43,350 308,250 351,600 351,600 Goods available for sale Ending inventory 1 Cost of goods sold Gross profit Operating expenses Accounts receivable Comparison of Amounts Case A Case B FIFO . LIFO Difference Pretax income Ending inventory