The management of Shamrock, Inc. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2022, the accounting records show these data. Inventory, January 1 (12,500 units) 50,000. Cost of 129,000 units purchased 568,200. Selling price of 104,000 units sold 796,000. Operating expenses 129,500. Units purchased consisted of 36,000 units at 4.20 on May 10; 67,000 units at 4.40 on August 15; and 26,000 units at 4.70 on November 20. Income taxes are 28. Prepare comparative condensed income statements for 2022 under FIFO and LIFO.