Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,500, and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.)

Required Informatlon The following information apples to the questions displayed belowj Laker Company reported the following January purchases and sales data for its only product. Activities Units sold at Retail 125 units $18.00 125 units $18.00 Units Acquired at Cost Date Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 165 units @ $9.0@ = $1,485 110 units $8.00880 230 units @ $7.50= 1.725 Totals 505 units 54,090250 units The Company uses a perpetual inventory system. For specific identification, ending Inventory consists of 255 units, where 230 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 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 $1,500, and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.) AKER COMPANY Income Statements For Month Ended January 31 Specific Identification Weighted Average FIFO LIFO Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income 0 $