The management of Tamarisk, Inc. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2022, the accounting records show these data. Inventory, January 1 (10,500 units) $ 31,500 Cost of 130,000 units purchased 442,800 Selling price of 105,000 units sold 803,000 Operating expenses 121,000 Units purchased consisted of 38,000 units at $3.20 on May 10; 64,000 units at $3.40 on August 15; and 28,000 units at $3.70 on November 20. Income taxes are 28%. (a) Prepare comparative condensed income statements for 2022 under FIFO and LIFO. (Round answers to 0 decimal places, e.g. 5,125.)