You have the following information for Oriole Inc. Oriole Inc. uses the periodic method of accounting for its inventory transactions: March 1 Beginning inventory 2,200 liters ata cost of 604 per liter. March 3 Purchased 2,500 liters at a cost of 70c per liter: March 5 Sold 2,300 liters for $1.05 per liter. March 10 Purchased 4.000 liters at a cost of 77% per liter. March 20 Purchased 2,400 liters at a cost of 85% per liter. March 30 Sold 5,000 liters for $1.25 per liter. (a1) Calculate the value of ending inventory that would be reported on the balance shect, under each of the following cost flow as5umptions. (Round answers to 2 decimal places, eg. 125.50) (1) Specific identification method assuming: Calculate the value of ending inventory that would be reported on the balance sheet, under each of the following cost flow assumptions. (Round answers to 2 decimal places, eg. 125.50.) (1) Specific identification method assuming: (i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,300 liters from the March 3 purchase; and (ii) The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 450 liters from March 1; 550 liters from March 3;2,900 liters from March 10; 1,100 liters from March 20. (2) FIFO Prepare partial income statements for 2022 through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, eg. 125.25.) (1) Specificidentification method assuming: (i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,300 liters from the March 3 purchase; and (ii) The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 450 liters from March 1; 550 liters from March 3;2.900 liters from March 10: 1,100 liters from March 20. (2) FIFO (3) LIFO Question 4 of 5 eTextbook and Media