Required information P7-3 (Algo) Evaluating Four Alternative Inventory Methods Based on Income and Cash Flow LO7-2, 7-3 [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 $16.60 per unit: Transactions Units Amount Inventory, January 1 650 $3,575 Purchase, January 12 620 4, 650 Purchase, January 26 180 1, 710 Sale 510) Sale 200) P7-3 Part 2 2a. Between FIFO or LIFO, which method would result in the higher pretax income? 2b. Between FIFO or LIFO, which would result in the higher EPS? Complete this question by entering your answers in the tabs below. Req 2A Req 2B Between FIFO or LIFO, which method would result in the higher pretax income? Method LIFO Required information P7-3 (Algo) Evaluating Four Alternative Inventory Methods Based on Income and Cash Flow LO7-2, 7-3 [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 $16.60 per unit: Transactions Units Amount Inventory, January 1 650 $3,575 Purchase, January 12 620 4,650 Purchase, January 26 180 1, 710 Sale (510) Sale (200) P7-3 Part 2 2a. Between FIFO or LIFO, which method would result in the higher pretax income? 2b. Between FIFO or LIFO, which would result in the higher EPS? Complete this question by entering your answers in the tabs below. Req 2A Req 2B Between FIFO or LIFO, which would result in the higher EPS? Method FIFO