Saved mework Set Givoly Inc. uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current yean the accounting records provided the following information for product 2: Unit Cost $11 Unita 7,900 Inventory, December 31, prior year For the current year: Purchase, March 5 Parchase, September 19 Sale ($27 eacty Sale ($29 eacity Operating expenses (exeluding income tax expense) 19,900 10,900 8,900 16,900 $409,000 Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case LIFO. (Loss amounts should be indicated with a minus sign.) GIVOLY INC. Income Statement For the Year Ended December 31, current year Case B Case A LIFO FIFO Cost of goods sold Ending inventory Goods available for sale Cost of goods sold Pretax incomeoss co Next > of 7 Prex 1 2 3 MacBook Pro DI 80 F5 F6 F3 F4