The accounting records of Walls China Shop reflected the following balances as of January 1, Year 2: Cash $ 16,900 Beginning inventory 19,565 (215 units @ $91) Common stock 14,200 Retained earnings 22,265 The following five transactions occurred in Year 2: First purchase (cash) 115 units @ $93 Second purchase (cash) 205 units @ $101 Sales (all cash) 360 units @ $191 Paid $14,100 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. Use a vertical model to show the Year 2 income statement, balance sheet, and statement of cash flows under FIFO, LIFO, and weighted average. (Hint: Record the events under an accounting equation before preparing the statements.)