The board of directors of Wildhorse Corporation is considering whether or not it should instruct the accounting department to shith from a first-in, first-out (FIFO) basis of pricing imventories to a larstin, first-out (LIFO) basis. The following information is avaliable Prepare a condensed income statement for the year on both bases for comparative purposes. Prepare a condensed income statement for the year on both bases for comparative purposes Gross Profit Operating Expenses Operating Income $ eTextbook and Media Sove for Later Attempts: 0 of 5 used