Duffy Copy Center sels laser printers and supplies. Duffy Copy Center started the year with 90 containers of ink (average cost of a.50 each, FIFO ccst af $890 each, LIFO cost of $7.80 each). During the year, Duffy Copy Center purchased 720 containers of ink at ts for $19.75 each. Dufly Copy Center paid cperating expenses throughout the year, a tolal of $4,050. Duffy Capy Center's income slatement-excluding the effects of income tax under each of the average-cost, FIFO, and LIFO inventory ie ghen cOsting methode E(Click the loon to view the income statement. maximize income before Duffy Copy Center is a corporation subject to a 35 % income tax . Compute Duffy Copy Center's income tax expense under the average, FIFO, and LIFO inventory costing methads. Which method would you select to Income tax expense? (Round your answar to the nearest whole dollar.) and (b) minimize Data Table Duffy Copy Ce Year Ended December 31 Duffy Copy Center Average Cost FIFO LIFO Income Statement 11,455 S 11 455 $11.455 Sales revenue Year Ended December 31 5.858 5.848 5.974 Cost of ccods sld Average Cost FIFO LIFO 5.607$ 5.481 Gross profit 5,597 Sales revenue S 11.455 S 11,455 $ 11.455 4.050 4050 4,050 Operating expenses 5,974 Cast of goods sold 5 85a 5.848 1.547 1.557 $ 1.431 Net income before tax Groes profit 5,597 5,607 5,481 Income xexpense 4.050 4,050 4,050 Operating expenses S 1.547 S 1,557 $ 1,431 Net income beform tax Print Done