The management of Ivanhoe Company 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 (140,000 units) Cost of 121.000 units purchased Selling price of 101,000 units sold Operating expenses $ 560,000 533,100 773,000 128,000 Units purchased consisted of 37.000 units at $4.20 on May 10:57.000 units at $4.40 on August 15 and 27.000 units at $4.70 on November 20. Income taxes are 30% (a) Prepare comparative condensed income statements for 2022 under FIFO and LIFO (Round answers to dedmal places, eg 5.125.) Ivanhoe Company Condensed Income Statements FIFO LIFO $