The following comparative information is available for Blossom Company for 2025. LIFO FIFO Sales revenue $81,000 $81,000 Cost of goods sold 38,000 31,000 Operating expenses (including depreciation) 30,000 30,000 Depreciation 9,100 9,100 Cash paid for inventory purchases 38,000 38,000 Determine net income under each approach. Assume a 30% tax rate. LIFO FIFO Net income