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Tim Mattke Company began operations in 2018 and for simplicity reasons, adopted weighted- average pricing for inventory. In 2020, in accordance with other companies in

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Tim Mattke Company began operations in 2018 and for simplicity reasons, adopted weighted- average pricing for inventory. In 2020, in accordance with other companies in its industry, Tim Mattke changed its inventory pricing to FIFO. The pretax income data is reported below. Year Weighted-Average FIFO 2018 $370,000 $395,000 2019 390,000 430,000 2020 410,000 450,000 (a) What is Tim Mattke's net income in 2020? Assume a 20% tax rate in all years. Net Income $ (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above

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