The management of Sheffield Corp. 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 119.340 units Cost of 119,140 units purchased Selling price of 95,990 units sold Operating expenses $ 34.556 499.390 694.900 112,000 Units purchased consisted of 35.340 units at $3.90 on May 10; 60,520 units at $4.10 on August 15, and 23.280 units at $4.40 on November 20. Income taxes are 2696 Prepare comparative concenses income statements for 2017 under FIFO and LIFO. (Round answers to decimal places.eg 5.125.) Sheffield Corp. Condensed Income Statements FIFO LIFO $ S