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Tamarisk Company began operations in 2018 and for simplicity reasons, adopted weighted average pricing for inventory. In 2020, in accordance with other companies in

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Tamarisk Company began operations in 2018 and for simplicity reasons, adopted weighted average pricing for inventory. In 2020, in accordance with other companies in its industry, Tamarisk changed its inventory pricing to FIFO. The pretax income data is reported below. Firefox Weighted- Year Average FIFO 2018 $373,800 $403,300 2019 391,900 434,700 2020 412,800 471,500 Assume a 35% tax rate in all years. (a) What is Tamarisk's net income in 2020? Net Income $

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