2. Assuming the use of a periodic Inventory system, prepare a partial income statement under each method of Inventory: (a) average cost, (b) FIFO, (c) LIFO, and (d) specific identification. For specific Identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. DONNER COMPANY Partial Income Statement For the Month Ended January 31, Current Year ta) (b) (c) ces (d) Specific Identification FIFO LIFO Average Cost $ 16,368 Sales revenue Cost of goods sold Gross profit