Date Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 390 units, where 370 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Activities Units Acquired at Cost Units sold at Retail Beginning Jan. 1 220 unitse $14.50 - $ 3,190 Inventory Jan. 10 Sales 170 units @ $23.50 Jan. 20 Purchase 170 units $13.50 2,295 Jan. 25 Sales 200 units $23.50 Jan. 30 Purchase 370 unitse $13.00 4,810 Totals 760 units $10,295 370 units Required: 1. Complete comparative Income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $2,050, and that the applicable income tax rate is 40%. (Round your average cost per unit to 2 decimal places.) LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO Salon Cost of goods sold Gross profit Expenses Income before taxes Income tax expenso Net income