11 310 are from the January su purchase, are from the January 2u purchase, and 3u are from beginning inventory. Part 2 of 2 15 points eBook Hint Print Exercise 6-4 Perpetual: Income effects of inventory methods LO A1 Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,900 and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.) LAKER COMPANY Income Statements For Month Ended January 31 Specific Identification Weighted Average FIFO LIFO Sales $ 6,820 $ 6,820 $ References 6,820 S 6,820 Cost of goods sold Gross profit 6,820 6.820 6,820 6,820 Expenses 1,900 1,900 1,900 1,900 Income before taxes 4,920 4,920 4,920 4,920 Income tax expense Net income $ 4.920 $ 4,920 $ 4,920 $ 4,920