Duffy Print Supplies, Inc., sells laser printers and supplies. Assume Duffy started the year with 90 containers of ink (average cost of $9.30 each, FIFO cost of $8.70 each, LIFO cost of $7.90 each). During the year, the company purchased 720 containers of ink at $10.20 and sold 570 units for $21.50 each. Duffy paid operating expenses throughout the year, a total of $5,000. Ignore income taxes for this exercise. Prepare Duffy's income statement for the current year ended December 31 using the average-cost, FIFO, and LIFO inventory costing methods. Include a complete statement heading. Duffy Print Supplies, Inc. Income Statement Year Ended December 31 FIFO LIFO Average Cost 12,255 12,255 12,255 Sales revenue Cost of goods sold Gross profit Operating expenses 5000 5000 5000 Net income Choose from any list or enter any number in the input fields and then continue to the next