Waterway Sports began operations on January 2, 2025. The following stock record card for footballs was taken from the records at the end of the year. A physical inventory on December 31, 2025, reveals that 113 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Waterway Sports uses the invoice price less discount for recording purchases. Compute the December 31, 2020, inventory using the FIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Ending Inventory using the FIFO method \$ Compute the 2020 cost of goods sold using the LIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Cost of Goods Sold using the LIFO method \$ What method would you recommend to the owner to minimize income taxes in 2020 , using the inventory information for footballs as a guide