The management of Bonita Industries asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2017, the accounting records show these data. Inventory, January 1 (10,610 units) $39,257 Cost of 113,590 units purchased 466,433 Selling price of 95,300 units sold 701,500 Operating expenses 136,390 Units purchased consisted of 33,360 units at $3.90 on May 10; 55,610 units at $4.10 on August 15; and 24,620 units at $4.40 n November 20, Income taxes are 25%. (a) Prepare comparative condensed income statements for 2017 under FIFO and LIFO.(Round answers to O decimal e-g. Bonita Industries Condensed Income Statements Bonita Industries Condensed Income Statements FIFO LIFO