each, LIFO cost of S7.90 esch). During the year, Boyd Copy Center purchased 720 containers of k at $10.20 and Bold 570 unita for $21.50 each. Boyd Copy Center paid operating expenses throughout the year, a total of $3,750. Ignore income taxas for this exerclee. Prepare Boyd Copy Center's income statement for the current year ended December 31 under the average, FIFO, and LIFO inventory costing methods. Include a complete statement heading. Complete the income statement by selecting the appropriate heading and income statement labels, and then calculating the amounts for each of the three required inventory methods. (Calculate unit costs to the nearest cent. Round all other calculations to the nearest whole dollar.) Boyd Copy Center Income Statement Year Ended December 31 Average Cost Sales revenun Cost of goods sold Gross profit Operating expenses Net income