connect html ework Saved 380 are from the January 30 purchase, 5 are from the january 20 purchase, and 25 are fromi beginning inventory Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory method expenses are $2.250, and that the applicable income tax rate is 40% (Round your Intermediate calculations to 2 deci LAKER COMPANY Income Statements For Month Ended January 31 Weighted Average Specific Identification FIFO LIFO 51 S 51 S 51 $ 51 Sales Cost of goods sold Gross profit Expenses 51 2.250 (2.199) 51 2.250 2.199)(2,199) 51 2,250 Income before taxes | (21/ ) Income tax expense (2,199) (2,199) $ (2,199) (2,199) Net income