Daniel Company uses a periodic inventory system. Data for the current year: beginning merchandise inventory (ending inventory December 31, prior year), 2,040 units at $36; purchases, 7,890 units at $38; expenses (excluding income taxes), $193,100; ending inventory per physical count at December 31, current year, 1,740 units; sales, 8,190 units; sales price per unit, $76; and average income tax rate, 34 percent. Compute cost of goods sold and prepare income statements under the FIFO, LIFO, and average cost inventory costing methods. Compute cost of goods sold and prepare income statements under the FIFO, LIFO, and average cost inventory costing methods. I have to create an Income Statement including Sales Revenue,COGS,GP,Operating Expenses,Pretax Income,Income Tax Expense and Net Income. For costing method:Beg Inventory Purchases,Goods available for Sale,Ending Inv and COGS