A company purchased $4,000 worth of merchandise Transportation costs were an additional $350. The company returned $275 worth of merchandise and then paid the invoice within the 2% cash discount period. The total cost of this merchandise is: $4,000.50. $4,075.00. $3.925.00 $3,725.00 Required information The folowing information applies to the questions displayed below! Laker Company reported the following January purchases and sales data for its only product Date Activities Unit autredatot til 1 timing inventory 14 Uits 16.00 $ Jan 10 Sales Jan. 20 Purchase sa units $5.00 1.25 Sales wit 11 Jan 10 Pucha the units 51.50 110 Total $1,150 units The Company uses a perpetual inventory system For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase 5 ore from the January 20 purchase, and 15 are from beginning inventory Required 1. Complete comparative income statements for the month of January for Caker Company for the four inventory methods. Assume expenses are $1250 and that the applicable income tax race is 40% (round your intermediate calculations to 2 decimal places.) LAKER COMPANY Income utements For Month Eded January 31 Specite Wighted FIFO 1.950 LIFO 1950 5 TOS 19605 1650 1960 1950 1960 Sai Cost of goods Go Expo incomber Income 1950 100 0 150 1980 650