Question: urrent Attempt in Progress During 2 0 1 7 , Tamarisk Inc. changed from LIFO to FIFO inventory pricing. Tamarisk began operations in 2 0

urrent Attempt in Progress
During 2017, Tamarisk Inc. changed from LIFO to FIFO inventory pricing. Tamarisk began operations in 2015 and its pretax income in
2016 and 2015 under LIFO was $500,000 and $596,000, respectively. Pretax income using FIFO pricing in the prior years would have
been $523,000 in 2015 and $652,000 in 2016. In 2017, Tamarisk reported pretax income using FIFO pricing of $616,000. Show
comparative income statements for Tamarisk beginning with "Income before income tax," as presented in the 2017 income statement.
The tax rate for all years is 30%.
 urrent Attempt in Progress During 2017, Tamarisk Inc. changed from LIFO

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