The following information applies to the questions played 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 U Unit Cost Inventory, December at prior year 1.000 $9 For the current year PurchaseApr 11 9000 10 Purchase, June 1 7000 15 Sales 10.000 Operating experiencing income taxe $195.000 Required: 1. Prepare a separate income statement through pretax income that detalls 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 Case B LIFO Beginning inventory Cost of goods sold: Sales revenue 0 0 Goods available for sale + Cost of goods sold