Courtney Company uses a periodic inventory system. The following data was available: beginning merchandise inventory, 1,100 units at $40; purchases, 4,400 units at $45; operating expenses (excluding income taxes), $91,600; ending inventory per physical count at December 31, 1,000 units; sales price per unit, $85; and average income tax rate, 30 percent. Required: 1. Prepare income statements under the FIFO and weighted average costing methods. (Do not round Weighted average cost per unit. Round your final answers to the nearest dollar amount.)