1. Complete comparatice income statements for the month of january for Laker Company for the four inventory methods. Assume expenses are 1,250, and that are applicable income tax rate is 40%. (round your average cost per unit to 2 decimal places.)

Required information (The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product Date Activities Jan. 1 Beginning inventory Jan. 18 Sales Jan. 20 Purchase art. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at 140 units@ $6.00 = $ Retail 840 60 units @ $5.00 - 300 100 units @ $15 189 units@ $4.50 = 80 units@ $15 380 units 810 $1,950 180 units Required Required 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assum expenses are $1.250, and that the applicable income tax rate is 40% (Round your average cost per unit to 2 decimal places.) LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO FO Cont of goods sold Expenses Income tax expense Required information (The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product Date Activities Jan. 1 Beginning inventory Jan. 18 Sales Jan. 20 Purchase art. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at 140 units@ $6.00 = $ Retail 840 60 units @ $5.00 - 300 100 units @ $15 189 units@ $4.50 = 80 units@ $15 380 units 810 $1,950 180 units Required Required 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assum expenses are $1.250, and that the applicable income tax rate is 40% (Round your average cost per unit to 2 decimal places.) LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO FO Cont of goods sold Expenses Income tax expense