The management of Whispering Winds Corp. 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 (11,500 units) Cost of 112,000 units purchased Selling price of 101,000 units sold $46,000 493,000 773,000 Operating expenses 125,500 Units purchased consisted of 32,000 units at $4.20 on May 10; 58,000 units at $4.40 on August 15; and 22,000 units at $4.70 on November 20. Income taxes are 28%. (a) Prepare comparative condensed income statements for 2022 under FIFO and LIFO. (Round answers to O decimal places, e.g. 5,125.) Whispering Winds Corp. Condensed Income Statements eTextbook and Media $ FIFO $ LIFO