The accounting records of Walls China Shop reflected the following balances as of January 1, 2018: Cash $ 17,600 Beginning inventory 18,400 (200 units @ $92) Common stock 14,500 Retained earnings 21,500 The following five transactions occurred in 2018: First purchase (cash) 125 units @ $94 Second purchase (cash) 195 units @ $102 Sales (all cash) 355 units @ $190 Paid $15,700 cash for salaries expense Paid cash for income tax at the rate of 25 percent of income before taxes Required Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted-average cost flow. Compute the income tax expense for each method. Use a vertical model to show the 2018 income statement, balance sheet, and statement of cash flows under FIFO, LIFO, and weighted average.