The Green Deal light bulb company sells outdoor 100 watt LED flood light bulbs to five major hardware stores. At the beginning of the month Green Deal had 500 bulbs in inventory that cost $2 per bulb. They sold 1,500 bulbs for $32 a bulb. Given the following information, prepare Green Deal's Cost of Goods Sold Statement using the average method? How much would Green Deal's income change if they used the FIFO method for inventory?

Purchases	Quantities and Cost per Bulb
1st purchase	300 bulbs at $2.60 each
2nd purchase	400 bulbs at $2.80 each
3rd purchase	900 bulbs at $3.00 each