Prepare a statement of gross margin for 20X2. Use two columns, one assuming LIFO and one assuming FIFO. 2. Assume that Kleczka is reporting to the tax authorities and has a 40% income tax rate. Suppose all transactions are for cash. Which inventory method results in more cash for Kleczka

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forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.