The fillowing conparative information is available for Cheyenne Corp. for 2022.

The following comparative information is available for Cheyenne Corp. for 2022. Sales revenue Cost of goods sold Operating expenses (including depreciation) Depreciation Cash paid for inventory purchases LIFO $88,000 36,000 28,000 10,000 11,560 FIFO $88,000 33,400 28.000 10,000 11,560 Determine net income under each approach. Assume a 30% tax rate. LIFO FIFO Net income $ $ Determine net cash provided by operating activities under each approach. Assume that all sales were on a cash basis and that income taxes and operating expenses, other than depreciation were on a cash basis. LIFO FIFO Net cash provided by operating activities Calculate the quality of earnings ratio under each approach. (Round answers to 2 decimal places, e... 5.15.) LIFO FIFO Quality of earnings ratio