The management of Sunland Company is reevaluating the appropriateness of using its present inventory cost flow method, which is average-cost. The company requests your help in determining the results of operations for 2022 if either the FIFO or the LIFO method had been used. For 2022 , the accounting records show these data: \begin{tabular}{lrlrr} \multicolumn{2}{c}{ Inventories } & & \multicolumn{2}{l}{ Purchases and Sales } \\ \cline { 1 - 1 } \cline { 5 - 6 } Beginning (4,900 units) & $9,800 & & Total net sales (126,000 units) & $522,900 \\ Ending (11,900 units) & & & Total cost of goods purchased (133,000 units) & 359,450 \end{tabular} Purchases were made quarterly as follows. Operating expenses were $130,000, and the company's income tax rate is 40%. Prepare comparative condensed income statements for 2022 under FIFO and LIFO. Sunland Company Condensed Income Statements