2. Laker Company reported the following January purchases and sales data for ts only product s Sold at R 145 units @$17.20 255 units @$17.20 Date Jan. 1 Beginning inventory 260 units $9.20 $2,392 Jan. 10 Sales Jan 20 Purchase Jan 25 Sales Jan 30 Purchase 330 units 8202,706 200 units $7201,440 790 units Totals $6,538 400 units Laker uses a perpetual inventory system For specific identification, onding invontory consists of 390 units whe ere 200 are ftrom the January 30 purchase, 80 are from tho January 20 purchase, and 110 are from beginning inventory 1. Complote comparative income statemen ts for the month of January for Laker Company for the four inventory methods. Assume expenses are $2,700, and that the applicable income tax rate is not round your Intermediate calculations.) urne expenses are S2700, and that the applicable income tax rate is 39% (Do LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income