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The following information pertains to the inventory of Parvin Company: Jan. 1 Beginning inventory Apr....

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The following information pertains to the inventory of Parvin Company: Jan. 1 Beginning inventory Apr. 1 Purchased Oct. 1 Purchased 500 units @ $20 2,500 units @ $25 1,100 units @ $26 During 2018, Parvin sold 3,485 units of inventory at $42 per unit and incurred $18,500 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30 percent income tax rate. Parvin started the period with cash of $74,000, inventory of $10,000, common stock of $59,000, and retained earnings of $25,000. c. Determine the cash flow from operating activities under FIFO and LIFO. (Round intermediate calculations and final answers to the nearest whole dollar amount. Amounts to be deducted should be indicated with minus sign.) FIFO I LIFO Net cash flow from operating activities

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