The following information appies to the questions dispiayed below) Beck Inc. uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2 Units Unit Cost 6,800 $ 8 Inventory, December 31, prior year For the current year Purchase, March 5 8,800 9,800 8,000 5,800 Sale ($30 each) Sale ($32 each) Operating expenses (excluding income tax expense) $398,000 value: Required information 2.00 points Required 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: LIFO. (Loss amounts should be indicated with a minus sign.) BECKI Income Statement For the Year Ended December 31, current year Case A Case B FIFO LIFO Cost of goods sold: Goods available for sale Cost of goods sold Pretax income/loss