You have the following information for Swifty inc. Swifty Inc. uses the periodic method of accounting for its inventory transactions. MarchMarchMarchMarchMarchMarch135102030Beginninginventory2,200litersatacostof50eperliter.Purchased2,500litersatacostof54tperliter.Sold2,300litersfor$1.05perliter.Purchased4,000litersatacostof61eperliterPurchased2,400litersatacostof69sperliter.Sold5,200litersfor$1.25perliter. Prepare partial income statements for 2022 through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, es. 125.25.) (1) Specificidentification method assuming: (6) 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 itters from March 1; 550 liters from March 3:2,900 liters from March 10, 1,300 liters from March 20. (2) FIFO (3) LIFO Beginning inventory Purchases Cost of goods avilable for sale Ending inventory Gross profit/Rlass? s 5