Please do not give image format The following information pertains to the inventory ofJanuary 1April 1October 1Beginning inventory 400 units @ $16Purchased 2,500 units @ $21Purchased 1,100 units @ $22During Year 3, Parvin sold 3,400 units of inventory at $41 per unit and incurred $17.900 of operating expenses. Parvincurrently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30percent income tax rate. Parvin started the period with cash of $49,100, inventory of $6,400, common stock of $31,000,and retained earnings of $24,500.Parvin Company for Year 3:c. Determine the cash flow from operating activities under FIFO and LIFO.Note: Round intermediate calculations and final answers to the nearest whole dollar amount. Cash outflows should be indicatedwith minus sign.Net cash flow from operating activitiesFIFOLIFO

Name: Please do not give image format The following information pertains to
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Please do not give image format The following information pertains to the inventory ofJanuary 1April 1October 1Beginning inventory 400 units @ $16Purchased 2,500 units @ $21Purchased 1,100 units @ $22During Year 3, Parvin sold 3,400 units of inventor