Check my work Units Acquired at Cost 230 units $15.50 - $ 3,565 Units sold at Retail 188 units @ $24.50 Date Activities Jan. 1 Beginning inventory Jan. 1e Sales Jan. 20 Purchase Jan. 25 Sales Jan. 3e Purchase Totals 190 units @ $14.50 - 2,755 220 units @ $24.50 360 units@ $14.00 = 788 units 5,840 $11,360 4ee units The Company uses a perpetual inventory system For specific identification, ending inventory consists of 380 units, where 360 are from the January 30 purchase, 5 are from the Janualy 20 purchase, and 15 are from beginning Inventory Required: 1. Complete comparative Income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $2,150 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 Weighted Identification Average FIFO LIFO 0 0 0 0 Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income 0 0 0 0 S 0 $ 0 OS 0