Please answer number 3 only

Return Required information [The following information applies to the questions displayed below. At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at $16 per unit: Amount 52, 365 Transactions Inventory, January 1 Purchase, January 12 Purchase, January 26 Sale Sale Units 500 600 160 (370) (250) 3.600 1,280 Required: 10. Assuming the use of a periodic inventory system, compute Cost of Goods Sold under each method of Inventory. average cost FIFO, UFO, and specific identification. For specific Identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. 1b. Assuming the use of a periodic inventory system prepare a partial Income statement under each method of Inventory: (a) average cost. (b) FIFO, (LIFO, and (d) specific identification For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. C 3 Required information The following information applies to the questions displayed below! At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at $16 per unit Transactions Tnventory, January 1 Purchave, Vanuary 12 Purchase, January 26 Sale Sale Units Amount 500 $2,365 600 3,600 100 1,200 (370) (250) Between FIFO or LIFO, which method would result in the lower income tax expense? Assume a 30 percent average tax rate. (Round your answer to 2 decimal places.) Tax Savings Method