The following information pertains to the inventory of Parvin Company for Year 3: Jan. 1 Apr. 1 Oct. 1 Beginning inventory Purchased Purchased 400 units $17 2,700 units $22 1,200 units @ $23 During Year 3. Parvin sold 3,655 units of inventory at $44 per unit and incurred $17,900 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30 percent income tax rate. Parvin started the period with cash of $172,200, Inventory of $6,800, common stock of $155.000, and retained earnings of $24,000. Required a. Prepare income statements using FIFO and UFO. (Round intermediate calculations and final answers to the nearest whole dollar amount.) PARVIN COMPANY Income Statements For the Year Ended December 31, Year 3 FIFO LIFO 0 Income before tax NO NAV