The following comparative information is available for Ayayai Corp. for 2022. LIFO FIFO $108,360 $108,360 47.880 36,540 Sales revenue Cost of goods sold Operating expenses (including depreciation) Depreciation Cash paid for inventory purchases 34,020 34,020 12,600 12,600 40,320 40,320 (a) Your answer is correct. Determine net income under each approach. Assume a 30% tax rate. LIFO FIFO Net income $ 18522 $ 26460 (b) 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 $