14. Joe, Co. had the following inventory transactions for the month of April. They started the month with 70 units on hand which cost them $85 each. Purchases Sales Units on Hand Apr. 1 70 Apr. 4 60 units @ $90 each 130 Apr. 15 110 units @ $91 each 240 Apr. 18 180 units @ $430 each 60 Calculate Joe, Co.'s Cost of Goods Sold, Ending Inventory, and Gross Profit using the FIFO, LIFO, and Weighted Average Cost approaches to inventory costing. FIFO: LIFO: Weighted Average Cost: 15. Prepare the multi-step income statement for Gunther Company, a merchant, for the year ending December 31, 2021 given the following account balances which may or may not all be used. Be sure to include a proper heading and format this Income Statement the way a merchant would format it: Sales Accounts Receivable Salaries Expense $725,000 $148,000 $58,000 Sales Discounts $8,000 Accounts Payable Sales Returns & Allowances Cost of Goods Sold $112,000 $5,300 $351,000 Advertising Expense $77,000 Utilities Expense $16,300 Cash $72,000 Income Tax expense $15,000