City Print Supplies, hec, sells laser printers and supplias. Assume City started the year with 100 containers of ink (averago cost of $9.10 each, FIFO cost or $8.60 each, Lif 0 coet of 58 . 00 nach). During the year, the compary purchased 800 containers of ink at $10.00 and sold 580 units for $21.75 each. City paid operating oxpenses throoghout the year, a total of $3,900 ignore income takest for this exercise. Prepace Cif's income statement for the current year ended December 31 using the average-cost, FiFO, and LIFO inventory costing methods. include a complese statement heacing Complete the income statement by selecting the appropriate heading and income statement labels, and then calculating the amounts for each of the three required inventory methods. (Caiculate init costs to the nearest cent. Round all other calculations to the nearest whole dollar.)