DU 1000 Inventory information for Part 311 of Seminole Corp dincloses the following information for the month of June Pag question June 1 June 11 June 20 Balance Purchased Purchased 500 units @ $11 800 units @ $12 500 units @ $13 June 10 June 15 Sold 200 units @ $25 Sold 500 units @ $26 Sold 250 units 27 June 27 The company disclosed operating expense of $ 4500 and income tax rate of 40% Required Prepare an income statement for the year, assuming that the company is following the Periodic Inventory system and use average, FIFO, LIFO for comparative purposes (round to two decimal places). LO # 4) Excel Paragraph B IEEE 02