The management of Swifty Inc 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: Iriventories Beginning (8,000 units) Endine (13,000 units) $32,000 Purchases and Sales Total net sales (185,000 units) Total cost of goods purchased (190,000 units) $1,137.750 846,000 Purchases were made quarterly as follows. Quarter Units Unit Cost Total Cost 1 50,000 $4.20 $210,000 2 40,000 435 174,000 3 40,000 4.50 180,000 60,000 4.70 282,000 190,000 $846,000 Operating expenses were $130,000, and the company's income tax rate is 40%. Prepare comparative condensed income statements SWIFTY INC. Condensed Income Statements December 31, 2022 FIFO LIFO Sales Revenues $ $