Units sold - 40,000 units sold at $10 per unit Operating Expenses - $75,000 Income Tax Rate - 25% There are no "Other Revenues" or "Other Expenses" Prepare a multi-step income statement for Client, assuming that Client has adopted the FIFO method. Prepare a multi-step income statement for Client, assuming that Client has adopted the LIFO method. If the LIFO method is adopted, how many units would need to be purchased to avoid a LIFO liquidation and what amount would be saved in income taxes if the liquidation is avoided? For the purposes of this