The management of Shamrock, Inc. 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, 580 units) 40, 204 Cost of 125, 110 units purchaser $ 26, 725 Selling price of 101, 860 units sold 777, 400 Operating expenses 136, 210 Units purchased consisted of 37, 080 units at $4.00 on May 10; 59, 100 units at $4.20 on August 15; and 28, 930 units at $4.50 on November 20. Income taxes are 29%. (a) Prepare comparative condensed income statements for 2017 under FIFO and LIFO. (Round answers to O decimal places, e.g. 5, 125.)