When preparing for the comparative income statement for the three methods, the net profit according to the FIFO method will be WA LIFO FIFO INCOME COSTOF GOODS SOLD GROSS PROFIT NET PROFIT 1-6350 2-4450 3-5387.5 4- none of the above When preparing for the comparative income statement for the three methods, the net profit according to the FIFO method will be WA LIFO FIFO INCOME COSTOF GOODS SOLD GROSS PROFIT NET PROFIT 1-6350 2-4450 3-5387.5 4- none of the above