FIFO (First In- First Out) Sales- 85529 Cost of goods sold- 31094 Operating

FIFO (First In- First Out)
Sales- 85529
Cost of goods sold- 31094
Operating Expenses (including depreciation)- 30634
Depreciation- 14044
Cash paid for inventory purchases- 35047 Determine net income under each approach. Assume a 30% tax rate. (Round your calculations and final answers to 0 decimal places e.g. 5250.) For both LIFO and
FIFO.
Determine net cash provided by operating activities under each approach. Assume that all sales were on a cash basis and that income taxes and operating expenses
other than depreciation were on a cash basis. (Round your calculations and final answers to 0 decimal places e.g. 5250.) For both LIFO and FIFO
Calculate the quality of earnings ratio under each approach. (Round answers to 2 decimal places e.g. 3.15.) For both LIFO and FIFO.