USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 19 - 22 The Hester Corporation, a diversified distribution company, purchases cartons of canned golf balls from the Long Distance Company and markets the balls under the Hester brand name. Hester started operations on January 1, 2020. In the table below, Quarter 1 represents the time period from January 1, 2020 to March 31, 2020 and Quarter 2 represents the time period from April 1, 2020 to June 30, 2020. Hester began operations on January 1, 2020 with no inventory. Purchases and sales data for Hester's first two quarters of business are shown below: Quarter 1 Sales 80,000 cartons at $5.00 per carton Purchases January 20,000 cartons at $2.20 February 30,000 cartons at $2.50 March 40,000 cartons at $2.90 June Quarter 2 Sales 125,000 cartons at $6.00 per carton Purchases April 30,000 cartons at $3.10 May 40,000 cartons at $3.60 50,000 cartons at $3.90 19. Calculate the Quarter 2 ending inventories (in dollars) using the LIFO inventory valuation method. 20. Calculate Quarter 2 GROSS PROFIT using the LIFO inventory valuation method. 21. Calculate the Quarter 2 ending inventories in dollars) using the FIFO inventory valuation method. 22. Calculate Quarter 2 GROSS PROFIT using the FIFO inventory valuation method