The following information applies to the questions displayed 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 7,300 $ 11 Inventory, December 31, prior year For the current year: Purchase, March 5 Purchase, September 19 Sale ($26 each) Sale ($28 each) Operating expenses (excluding income tax expense) 19,300 10,300 8,300 16,300 9 5 $403,000 13 value Required information 1.00 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.) BECK INC 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 Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO LIFO. (Loss amounts should be indicated with a minus sign.) BECK INC Income Statement For the Year Ended December 31, current year Case A Case B FIFO LIFO Cost of goods sold: 0 Accounts payable Accounts receivable Beginning inventory Cash Pretax income/loss BECK INC ncome Statement For the Year Ended December 31, current year Case B Case A FIFO LIFO Cost of goods sold Ending inventory Operating expense:s Purchases Sales discount Sales revenue 0 0 Pretax income/loss