Units purchased consisted of $36,000$ units at $$4\mathrm{.}20$ on May $10,67,000$ units at $$4\mathrm{.}40$ on August $15,$ and $26,000$ units at $$4\mathrm{.}70$ on November $20.$ Income taxes are $28\%.$

$($a$)$ Prepare comparative condensed income statements for $2025$ under FIFO and LIFO.

Crane Inc.

Condensed Income Statements

For the Year Ended December $31,2025$

FIFO

LIFO