. . . UUUUUUUUU the accounting records provided the following information for product 2: Units 6,300 Unit Cost $13 Inventory, December 31, prior year For the current year: Purchase, March 5 Purchase, September 19 Sale $30 each) Sale $32 each) Operating expenses (excluding income tax expense) 11 7 18,300 9,300 8,500 15,300 $393,000 E7-8 Part 1 Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B LIFO. (Loss amounts should be indicated with a minus sign.) GIVOLY INC. Income Statement For the Year Ended December 31, current year Case A Case B FIFO LIFO Cost of goods sold: Goods available for sale 0 0 Cost of goods sold Pretax income/loss