The following comparative information is available for Rose Company for 2025. LIFO FIFO Sales revenue $86,000 $86,000 Cost of goods sold 38,000 29,000 Operating expenses (including depreciation) 27,000 27,000 Depreciation 10,000 10,000 Cash paid for inventory purchases 32,000 32,000 (a) Your answer is incorrect. Determine net income under each approach. Assume a 20% tax rate. Net income LIFO FIFO MURKIS HIN ELLA VISTA GOLD MEDSPHERE.CO