The following comparative information is available for Carla Vista Company for 2025. Sales revenue Cost of goods sold Operating expenses (including depreciation) Depreciation Cash paid for inventory purchases (a) * Your answer is incorrect. Net income $ eTextbook and Media Save for Later LIFO LIFO 19600 $87,000 38,000 26,000 10,000 Determine net income under each approach. Assume a 30% tax rate. 25,460 FIFO $87,000 31,000 26,000 10,000 25,460 FIFO 22400 Attempts: 1 of 3 used Submit Answer

The following comparative information is available for Carla Vista Company for 2025. (a) Determine net income under each approach. Assume a 30% tax rate