Determine the cash flow from operating activities under FIFO and LIFO.

Required information [The following information applies to the questions displayed below.] The following information pertains to the inventory of Parvin Company for Year 3 : During Year 3, Parvin sold 3,315 units of inventory at $43 per unit and incurred $15,700 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30 percent income tax rate. Parvin started the period with cash of $68,200, inventory of $4,800, common stock of $49,000, and retained earnings of $24,000. c. Determine the cash flow from operating activities under FIFO and LIFO. Note: Round intermediate calculations and final answers to the nearest whole dollar amount. Cash outflows should be indicated with minus sign