The management of Coronado Industries asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2022, the accounting records show these data. Inventory, January 1 (9,940 units) Cost of 121,880 units purchased $33,796 464,748 Sales revenue on 99,560 units 791,800 Operating expenses 122,702 Units purchased consisted of 32,720 units at $3.60 on May 10, 62,000 units at $3.80 on August 15, and 27,160 units at $4.10 on November 20. Income taxes are 30%. (a) Prepare comparative condensed income statements for 2022 under FIFO and LIFO. (Round answers to O decimal places, e.g. 5,125.) Coronado Industries eTextbook and Media > < < Condensed Income Statements FIFO $ LIFO