The following comparative information is available for Riverbed Corp for 2022.

		LIFO		FIFO
Sales revenue		$94,600		$94,600
Cost of goods sold		41,800		31,900
Operating expenses (including depreciation)		29,700		29,700
Depreciation		11,000		11,000
Cash paid for inventory purchases		35,200		35,200

(a)

Determine net income under each approach. Assume a 30% tax rate.

		LIFO		FIFO
Net income		$enter net income under Last In First Out in dollars		$enter net income under First In First Out in dollars