Use the information provided in the exhibits to calculate the inventory amounts as they should be reported in the financial statements prepared under last$-$in$,$ first$-$out $($LIFO$)$ and first$-$in$,$ first$-$out $($FIFO$)$ inventory cost flow methods. Enter the appropriate amounts in the associated cells. Enter all amounts as positive values. Round all amounts to the nearest whole number.

$\backslash$table$[[,$LIFO,FIFO$],[1.$ Inventory balance on March $31,$ Year $1,$$$38,000\mathrm{.}00,$$$39,000\mathrm{.}00$