The management of Carla Vista Inc. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2025, the accounting records show these data. They use the periodic inventory system. Inventory, January 1 (10,000 units) $ 30,000 Cost of 128,000 units purchased 436,000 Selling price of 98,000 units sold 750,000 Operating expenses 128,000 Units purchased consisted of 38,000 units at $3.20 on May 10, 62,000 units at $3.40 on August 15, and 28,000 units at $3.70 on November 20. Income taxes are 26%. (a) Prepare comparative condensed income statements for 2025 under FIFO and LIFO.