Courtney Company uses a periodic inventory system. The following data were available: beginning inventory, 2,800 units at $35; purchases, 4,200 units at $40; operating expenses (excluding income taxes), $100,500; ending inventory per physical count at December 31, 1,650 units; sales price per unit, $70; and average income tax rate, 30%.

Required:

1.

Prepare income statements under the FIFO, LIFO, and weighted average costing methods. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.)

income statment	units	FIFO	LIFO	weighted average
sales revenue
cost of goods sold
gross profit
operating expenses
income from operations
income tax expense
net income