Prepare partial income statements for $2022$ through gross profit, under each of the following cost flow assumptions. $($Round

answers to $2$ decimal places, e$.$g$.125\mathrm{.}25.)$

$(1)$ Specific identification method assuming:

$($i$)$ The March $5$ sale consisted of $1,000$ liters from the March $1$ beginning inventory and $1,300$ liters from the March $3$

purchase; and

$($ii$)$ The March $30$ sale consisted of the following number of units sold from beginning inventory and each purchase:

$450$ liters from March $1$; $550$ liters from March $3$; $2,900$ liters from March $10$; $1,200$ liters from March $20.$

$(2)$ FIFO

$(3)$ LIFO

BONITAINC.

Income Statement $($partial$)$