Show work please

P6.7A (LO 2) Writing The management of Sherlynn Co. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2020, the accounting records provide the following data. Units purchased consisted of 35,000 units at $5.10 on May 10;35,000 units at $5.30 on August 15 ; and 30,000 units at $5.60 on November 20 . Income taxes are 30%. Instructions a. Prepare comparative condensed income statements for 2020 under FIFO and LIFO. (Show computations of ending inventory.)