What effect does the inventory costing method have on the income statement? The inventory methods affect the amount of the$$Blank$\_\_\_\_\_\_.$

Multiple choice question.

cost of goods sold and gross profit only

sales, cost of goods sold, gross profit, income tax expense, and net income

sales, cost of goods sold, and gross profit and does not affect on income tax expense

cost of goods sold, gross profit, income from operations, income before income tax expense, income tax expense, and net income