The management of Oriole Company asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2020, the accounting records provide the following data. $96,750 1,143,800 Inventory, January 1 (21,500 units) Cost of 215,000 units purchased Selling price of 172,000 units sold Operating expenses 1,505,000 139.500 Units purchased consisted of 75,250 units at $5.10 on May 10:75,250 units at $5.30 on August 15; and 64,500 units at $5.60 on November 20. Income taxes are 30% Prepare comparative condensed income statements for 2020 under FIFO and LIFO. Oriole Company Condensed Income Statement FIFO LIFO Prepare comparative condensed income statements for 2020 under FIFO and LIFO. Oriole Company Condensed Income Statement FIFO LIFO (3) 4 ) FIFO? (5) How much of the gross profit under FIFO is illusory in comparison with the gross profit under LIFO? $