This is the second time i'm posting this question, the answers weren't right last time.I have limited questions , and im just using it for the same question. please make sure the answers are clear and right. Thank you!

CALCULATOR . Problem 6-07A ab The management of Coronado co asks your help in determining the comparative effects of the FIFO and UFO inventory cost flow methods. For 2020, the accounting records provide the following data Inventory, January 1 (11,000 units) $49,500 Cost of 100,000 units purchased 512.000 Selling price of 84,000 units sold 735,000 Operating expenses 140,000 Units purchased consisted of 35.000 units $4.90 on May 10, 35,000 units at $5.10 on August 15, and 30,000 unts $5.40 on November 20. Income taxes are 30 tu Your answer is partially correct. Try again Prepare comparative condensed income statements for 2020 under to and LIFO. CORONADO CO. Condensed Income Statement For the rear ended December 31, 2020 LIFO FIFO 735000 735000 Cost of Good Sold boining twentity . 40500 49500 costos Purchase + 517000 512000 Goods Avatore 561500 561500 Enting into Cast of Goods sold ES Your answer is partially correct. Try again. CALCULATOR Prepare comparative condensed income statements for 2020 under FIFO and LIFO. at CORONADO CO. Condensed Income Statement For the Year Ended December 31, 2020 + FIFO LIFO Sales Revenue 735000 735000 Cost of Goods Sold Beginning Inventory 49500 49500 Cost of Goods Purchased 512000 512000 Cost of Goods Awaitable for Sale 561500 561500 Ending Inventory Cost of Goods Sold Groot/ Operating Expenses 140000 140000 Income before Income Nancome Los NA TO TEXT Income Tax Expense Net Income /(Loss) LINK TO TEXT ty Your answer is partially correct. Try again. Answer the following questions for management. (1) Which inventory cost flow method produces the most meaningful inventory amount for the balance sheet? FIFO method (2) Which Inventory cost flow method produces the most meaningful net income? LIFO method (3) Which inventory cost flow method is most likely to approximate actual physical flow of the goods? FIFO method (4) How much additional cash will be available for management under LIFO than under FIFO? x (5) How much of the gross profit under FIFO is illusory in comparison with the gross profit under LIFO? Click if you would like to show Work for this question: Open Show Work UNK TO TEXT Question Attempts: Unlim MacBook Pro