During 2017, Splish Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2016 and 2015 (Splishs first year of operations) under FIFO was $174,100 and $197,880, respectively. Pretax income using weighted-average pricing in the prior years would have been $151,800 in 2016 and $182,000 in 2015. In 2017, Splish reported pretax income (using weighted-average pricing) of $203,000. Show comparative income statements for Splish, beginning with Income before income tax, as presented on the 2017 income statement. (The tax rate in all years is 29%.)

Brief Exercise 4-6 During 2017, Splish Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2016 and 2015 (Splish's first year of operations) under FIFO was $174,100 and $197,880, respectively. Pretax income using weighted-average pricing in the prior years would have been $151,800 in 2016 and $182,000 in 2015. In 2017, Splish reported pretax income (using weighted- average pricing) of $203,000. Show comparative income statements for Splish, beginning with "Income before income tax," as presented on the 2017 income statement. (The tax rate in all years is 29%.) 2017 2016 2015 Income before income tax Income tax Net Income $ $ Open Show Work Click if you would like to Show Work for this