[The following information applies to the questions displayed below.) Broadhead Company 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 2,940 Unit Cost $ 11 Inventory, December 31, prior year For the current year: Purchase, April 11 Purchase, June 1 Sales ($57 each) Operating expenses (excluding income tax expense) 8.980 7,960 10,890 9 14 $186,000 3. value 100 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. BROADHEAD COMPANY Income Statement For the Year Ended December 31, current year Case A FIFO $ 620.730 Case B LIFO $ 620,730 Sales revenue Cost of goods sold: Beginning inventory Purchases $ $ 32,340 192,260 32,3401 192,260 224,600 224,600 Goods available for sale Ending inventory Cost of goods sold Gross profit Operating expenses Pretax income